National industrial clusters development program saudi arabia

Vision Relevance: Diversification of economy away from oil, this addresses sustainability issues, with environmental considerations such as the design achieving the maximum sulphur recovery rate of The Complex will become a platform for integrated industries through the establishment of major development projects, and will help attract domestic and foreign investments, as well as new business projects.

In order to qualify, foreign companies must be at least 10 years old and engaged in operations in at least four countries. This allows for diversification as well as contributing to the globalisation of the kingdom more generally Vision Relevance: Makes foreign investment more enticing.

Key features: wifi, driverless trains and on-demand buses around stations. A rapid transit system in Riyadh. The new metro system will meet the demands of the growing population while reducing traffic congestion and improving air quality Project Aims: This plan aims at providing all population groups with suitable public transport services, diversifying the transportation means in the city effectively and appropriately, in addition to keeping the use of private cars within the minimum limits.

Port Community System: unified single window gateway, document conversions services, alert notifications etc. Enables businesses to track their loads on their mobiles. Smart Gate System: automates security functions, authenticating the identity of the driver. Reduced the time to handle trucks, reduces the volume of traffic inside the port and increasing productivity of preparing containers. Estimated to cover Vision Relevance: Looks at becoming a prime East-West hub on the main trade route between Asia and Europe, aims to strengthen the port's place on global trade map.

A second phase running to would cover local transport requirements specified in the Jeddah City Structure Plan. One Signature Bridge over the Obhur Creek. One mixed-use commercial development.

Vision Relevance: To create a more sustainable and liveable environment for the city of Jeddah, to decrease dependence on cars, increased ease of transportation, improve the city. Source: M etro Jeddah Company.

Saudi Landbridge Project. It also involves upgrading of the existing link between Riyadh and Dammam. The Landbridge will be the first rail link between the Red Sea and the Gulf. The existing km line between Riyadh and Dammam will be upgraded,and a second km new line is planned to connect Dammam with Jubail on the Persian Gulf. Upgrade of infrastructure facilitates tourism, quality of life for residents, and brings Saudi Arabia to the forefront of infrastructural development Source: Saudi Railways Dammam and Qatif Metro Project Project Cost in Dollars: 16,,, Cities: Damman and Qatif Anticipated Completion Date: Project Summary: According to the mayor, the project will have two main lines, including one linking Dareen Island in the north of the province to Qatif, passing by Dammam and Dhahran until the King Fahd Causeway, which links Saudi Arabia with Bahrain.

Vision Relevance: Improve transport links and quality of life for residents, and brings Saudi Arabia to the forefront of infrastructural development. The construction work is expected to be completed by May The plan involves increasing the capacity at the airport from its current capacity of 14 million passengers a year to 40 million passengers by It is part of Saudi Arabia's much broader goal of becoming a major aviation gateway for both domestic and international demand.

Vision Relevance: This will increase functionality of the airport, encourage tourism and upgrade the existing building and structure.

Community Bus Stops and 6 ea. Pedestrian Bridges with all civil, mechanical and electrical works while the construction is planned to be completed in 24 months after the site handover. It also achieved remarkable progress in international connectivity by adding 5 new shipping lines to the Kingdom's ports, inaugurating the first locally manufactured fast intercept boat, the launch of multiple utility-scale renewable energy projects and strides of progress in military equipment localization as well as the global launch of the "Saudi Made" program.

The program tends to achieve its goals by developing world-class infrastructure for its sectors, designing new policies, and regulations to unlock value, increasing the value from the Kingdom's resources and drastically improving global connectivity and access to markets.

All in the aim of developing a sustainable comparative advantage that will place the Kingdom at the forefront of investment attractiveness. Of overall defense and security expenditure on equipment, military systems, and maintenance services to be localized by Local content has achieved rapid gains in a number of projects until , with a value of more than SAR 18Bn, and more than 23K government tenders since the launch of the Government Tenders and Procurement system.

Launched the Geological Survey Program; the largest regional geological study to explore mining opportunities in the Kingdom, on an area of more than , km2, covering the entire geological area known as the "Arab Shield". Launching renewable energy projects in the Kingdom; the first solar power plant started operations in Sakaka with a capacity of MW. In spite of the uncertainties facing the sector, a significant portion of components remains unchanged between EVs and traditional combustion engines, leading to a significant similarity in the value between both vehicles.

Additionally, the expansion of the automotive industry will benefit from the support of a strong regional ecosystem. In addition, Li-ion batteries will also be a significant market in the future, especially given new emerging technologies. With demand expected to rise sharply on hybrid and electric vehicles in the next decade, and with the automotive industry efforts to meet this future demand, Li-ion battery sector is expected to see a significant growth supported by related industries in Saudi Arabia.

The Kingdom aims to develop an automotive sector in order to create jobs for locals and to help contribute to a growing GDP. Given the uncertainty regarding the evolution of EV and ICE technologies, the recommended strategy is to develop both types.

This will help optimize short term gains with regards to ICE while making calculated bets on EV over the medium term. In addition to determining which technology to develop, Saudi Arabia also seeks to rely on a number of key strategic choices that take into account both domestic and global trends.

These trends are related to technology, geographical markets, product markets, localization, and Industry structure. In terms of technology, the focus is on balancing the mature technology of ICEs with the up and coming technology behind EVs. With regards to geography, the focus is on building upon local demand as a catalyst for the sector while also aiming regional exports.

A focus on product markets will allow the sector to mitigate the impact of lower-cost alternatives, eventually allowing the Kingdom to build upon local and regional demand and to leverage scale.