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Industrial Establishments Increased to 11,000 in Saudi Arabia

The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
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Industrial Establishments Increased to 11,000 in Saudi Arabia

The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)
The Industrial Sector Enablers forum organized by the Riyadh Chamber (Asharq Al-Awsat)

The number of industrial establishments in Saudi Arabia increased from 8,800 in 2019 to more than 11,000 industrial establishments, according to Ministry of Industry and Mineral Resources official Mohammad al-Suwailem.

The undersecretary for industrial services was speaking at the “Industrial Sector Enablers” forum, organized by the Riyadh Chamber represented by the Industrial Committee, in cooperation with the Ministry of Industry and Mineral Resources.

The forum was held in the presence of a member of the Board of Directors and Chairman of the Industrial Committee at the Riyadh Chamber, Abdullah al-Khorayef, and several interested specialists in the industrial sector.

The event highlighted the enablers allocated to enable the industrial sector to achieve the industrial goals within the paths of Vision 2030.

Suwailem confirmed that the number of industrial establishments in Saudi Arabia is targeted to reach 36,000 in 2035.

Khorayef confirmed that holding the forum comes within the framework of the efforts of the Chamber’s Industry Committee to build bridges of communication with officials in the industrial sector.

He reiterated that it allows the opportunity to discuss issues of concern to the sector and reach solutions.

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Al Khateeb: Tourism Sector Tops Agenda at WEF Annual Meeting 2025 in Davos

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
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Al Khateeb: Tourism Sector Tops Agenda at WEF Annual Meeting 2025 in Davos

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)

Saudi Minister of Tourism Ahmed Al Khateeb stressed on Monday that Saudi Arabia's participation in the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland, underscores its steadfast commitment to shaping the global dialogue on travel and tourism as key drivers of economic growth and cultural exchange.

Speaking to the Saudi Press Agency (SPA), Al Khateeb highlighted that tourism is a central focus at this year’s forum, with Saudi Arabia showcasing its achievements and fostering partnerships to drive the sector’s global growth.

He emphasized that Saudi Arabia's tourism sector is experiencing unprecedented expansion under Saudi Vision 2030 and the National Transformation Program, positioning the Kingdom as a leading global destination with an ambitious goal of welcoming 150 million tourists annually.

The minister noted that tourism currently contributes 5% to Saudi Arabia's GDP, with projections to double to 10% by 2030. This growth is fueled by strategic investments in groundbreaking projects such as the Red Sea Project, Diriyah, and Qiddiya, alongside numerous private-sector initiatives that are boosting tourism across the Kingdom.

Saudi Arabia is leveraging its natural and cultural assets to establish a global benchmark for tourism-led economic development, he added.

Al Khateeb also highlighted tourism's vital role in the global economy, citing the 2023 Economic Impact Report (EIR) by the World Travel & Tourism Council (WTTC), which revealed that the global travel and tourism sector contributed 9.1% to global GDP—a 23.2% increase from the previous year.

He described Saudi Arabia's participation in Davos as an opportunity to amplify its achievements through collaboration with global leaders, strengthen public-private partnerships, and reinforce its role as a hub for international cooperation.