Saudi Arabia Launches Center to Steer Industrial Transformation, Expand Adoption of 4IR Technologies

Alkhorayef tours the Saudi Industrial Transformation Expo 2025. (Asharq Al-Awsat)
Alkhorayef tours the Saudi Industrial Transformation Expo 2025. (Asharq Al-Awsat)
TT

Saudi Arabia Launches Center to Steer Industrial Transformation, Expand Adoption of 4IR Technologies

Alkhorayef tours the Saudi Industrial Transformation Expo 2025. (Asharq Al-Awsat)
Alkhorayef tours the Saudi Industrial Transformation Expo 2025. (Asharq Al-Awsat)

Saudi Arabia’s Ministry of Industry and Mineral Resources has launched the Advanced Manufacturing and Production Center, a national hub designed to lead the Kingdom’s industrial transformation agenda and accelerate the adoption of Fourth Industrial Revolution (4IR) technologies.

The center will serve as the central platform overseeing smart-manufacturing programs and strengthening the global competitiveness of Saudi factories.

Speaking at the Saudi Industrial Transformation Expo 2025, Minister of Industry and Mineral Resources Bandar Alkhorayef said the center’s “Factories of the Future” program aims to upgrade more than 4,000 factories, transforming them into smart, automated facilities that rely on advanced digital and industrial technologies.

“This transition will significantly enhance the competitiveness and efficiency of the national industrial sector,” he noted.

The center is designed to advance key objectives aligned with Saudi Vision 2030, including accelerating the shift of existing factories toward smart-manufacturing ecosystems powered by artificial intelligence, robotics, and the Internet of Things.

It will also promote the deployment of cutting-edge, sustainable technologies to boost the performance of Saudi factories, support the localization of advanced and deep manufacturing capabilities previously imported, reduce supply-chain vulnerabilities, open new export avenues, and strengthen research, development, and innovation. Developing national talent and attracting high-value industrial investment are core components of the initiative.

Alkhorayef added that the ministry aims to boost Saudi Arabia’s global industrial standing by increasing the number of Saudi factories recognized by the World Economic Forum’s Global Lighthouse Network, which showcases global leaders in 4IR adoption.

The Kingdom has set a target of 14 factories joining the network by 2030.

As part of its support for the transformation effort, the ministry has also allocated 50 additional slots under the 4IR Initiative for factories participating in the expo. The initiative includes assessments using the Smart Industry Readiness Index (SIRI), the development of digital-transformation roadmaps, and the implementation of advanced-manufacturing solutions with certified technology partners.

These initiatives come amid substantial expansion in the Saudi industrial sector. The number of industrial facilities has grown by more than 65%, while total industrial investment has surpassed SAR 1.2 trillion (USD 320 billion). In 2016, Saudi Arabia had around 7,200 factories; by 2025, the number exceeded 12,000.

This growth has translated into record non-oil industrial exports, which reached SAR 515 billion (USD 137.5 billion) in 2024 - an increase of 13% compared with the previous year.

All of these efforts fall under the National Industrial Strategy, launched in October 2022, which focuses on 12 subsectors aimed at diversifying the Kingdom’s production base. The strategy identifies 118 priority industrial product groups and outlines more than 800 investment opportunities worth SAR 1 trillion.



Morocco’s Royal Air Maroc Scales Back Flights Due to Fuel Costs

 People board a Royal Air Maroc flight on July 15, 2020 at Bordeaux airport. (AFP)
People board a Royal Air Maroc flight on July 15, 2020 at Bordeaux airport. (AFP)
TT

Morocco’s Royal Air Maroc Scales Back Flights Due to Fuel Costs

 People board a Royal Air Maroc flight on July 15, 2020 at Bordeaux airport. (AFP)
People board a Royal Air Maroc flight on July 15, 2020 at Bordeaux airport. (AFP)

Morocco's state-owned carrier Royal Air Maroc (RAM) said on Saturday it would temporarily suspend several routes to African and European destinations due to ‌rising jet ‌fuel prices, ‌elevated ⁠operating costs and ⁠weak demand.

Tensions in the Middle East have driven a surge in global jet fuel ⁠prices, putting ‌pressure ‌on carriers and ‌prompting temporary route suspensions.

RAM ‌will pause flights linking Moroccan airports with several African cities ‌of Bangui, Brazzaville, Kinshasa, Douala, Yaounde and ⁠Libreville, ⁠the airline said in a statement.

It will also halt flights to the European destinations of Malaga, Barcelona, Lyon, Bordeaux, Marseille and Brussels.


Official: Iraq Has Not Yet Applied for an IMF Loan

A floating oil export platform in Basra port, Iraq (Reuters)
A floating oil export platform in Basra port, Iraq (Reuters)
TT

Official: Iraq Has Not Yet Applied for an IMF Loan

A floating oil export platform in Basra port, Iraq (Reuters)
A floating oil export platform in Basra port, Iraq (Reuters)

Financial Advisor to the Iraqi Prime Minister Mazhar Mohammed Saleh revealed on Saturday that Iraq has not yet submitted a formal request for a loan from the International Monetary Fund (IMF).

The Iraqi News Agency quoted Saleh as saying that “Iraq enjoys close relations with the IMF, and since 2003, it has concluded more than five agreements, three of which were Stand-by Arrangements, while the other agreements related to emergency support.”

Iran's war has caused significant disruptions in supply chains, especially in the energy sector, which was severely affected by a near-complete closure of the Strait of Hormuz, through which about 20 percent of global oil supplies pass.

Saleh stated that “the Fund has played a significant role in supporting the Iraqi economy over the past 23 years, especially since Iraq is now considered one of the biggest victims of the ongoing war in the region, considering that 85 percent of its oil exports pass through the Strait of Hormuz. This has caused significant harm and international concern, given that Iraq is an important and active member in the stability of the region and world markets.”

He pointed out that there is an Iraqi government team in contact with the IMF, meeting with Fund officials for consultations twice a year.

He clarified that “Iraq signed an agreement with the IMF on July 7, 2016, for a Stand-by Arrangement by providing a significant loan, which played a major role in supporting the general budget,” noting that “signing an agreement with the Fund is a matter decided by the Iraqi government, and this does not prevent consultations between the two parties, as Iraq is a member of this institution responsible for global stability.”

Saleh mentioned that “Iraq will borrow from the International Monetary Fund if the need arises, but there is no formal request from the government yet, and the current need is for the war in the region to stop, and for its geopolitical impacts on oil exports to cease.”

He added that “technical assistance from the IMF is available now, unlike the issue of financing, which requires the approval of a program by the Iraqi government.”

He explained that “the loan itself represents a reform program to support the budget or to achieve social goals, such as supporting the health and education sectors, because it is a human investment that must be subject to conditions defining expenditure directions and commitment to a reform program agreed upon by the Iraqi state and the IMF.”


Mawani Adds CMA CGM’s Ocean Rise Express Service to Jeddah Port

Mawani Adds CMA CGM’s Ocean Rise Express Service to Jeddah Port
TT

Mawani Adds CMA CGM’s Ocean Rise Express Service to Jeddah Port

Mawani Adds CMA CGM’s Ocean Rise Express Service to Jeddah Port

The Saudi Ports Authority (Mawani) has added CMA CGM's Ocean Rise Express (OCR) shipping service to Jeddah Islamic Port, aiming to strengthen maritime connectivity between Saudi Arabia and global markets, support the smooth flow of supply chains, and increase the efficiency of port operations.

The OCR service will connect Jeddah to key international ports, including Kobe, Nagoya, and Yokohama in Japan; Xiamen, Yantian, and Nansha in China; Rotterdam in the Netherlands; Hamburg in Germany; and Southampton in the United Kingdom.

The route will utilize vessels with a capacity of up to 10,000 TEUs, according to SPA.

This addition aligns with Mawani’s efforts to enhance Jeddah Islamic Port’s global competitiveness and support international trade.

By enabling access to new markets, the initiative reinforces the Kingdom's position as a global logistics hub in line with the National Transport and Logistics Strategy and Saudi Vision 2030.