The Saudi industry is very important to the country, through which many sources of income are achieved, perhaps the most prominent of which is the oil industry, which is the most famous in the Saudi industry.
As for the history of the Saudi industry, the beginning goes back to the thirties of the last century, and it passed through various and varied stages until it reached the current stage, which seeks to progress and prosperity significantly.
Below we review a set of information about the Saudi industry and the most important thing that distinguishes it from others, so continue reading.
What distinguishes the Saudi industry from others?
The Saudi industry is characterized by many ingredients for success, and oil is the most prominent among the many sources that the state relies on as sources of income.
The Kingdom seeks leadership and progress in the industrial field, and this is evident remarkably through Vision 2030.
The National Industrial Development and Logistics Program has made more achievements and is still achieving another group, through the desire to make the Kingdom a leader in the field of industry in general.
Perhaps the most important characteristic that distinguishes the Saudi industry from others is the availability of capital and other factors that help in the success of any industry. The most prominent of these ingredients are energy and markets, in addition to capital, materials and primary elements necessary for the success of the industrial process.
Below we will review with you a set of ingredients that help the industry to succeed in Saudi Arabia.
Ingredients for the success of the Saudi industry
Providing a suitable work environment for the success of the industrial sector and working to find appropriate laws that serve the industrial field in order to achieve success and prosperity in this sector.
Providing appropriate conditions for the advancement of industry, encouraging national goods, and providing many opportunities for encouragement to work in the industrial sector.
Providing capital and other ingredients for success from primary elements, markets and suitable conditions for working in the industrial sector with ease.
Providing loans, especially those without interest, in order to support the industrial field with all the necessary elements and encourage work in the sector.
Providing good opportunities for extended periods of loan repayment, which helps in the advancement of the Saudi industry as soon as possible.
Availability of various services, whether electricity, energy, water sources, and buildings, all at reasonable prices for those wishing to work in the industrial sector in a way that suits their abilities, which provides a good work environment that allows the development and advancement of the industry.
Helping the private sector work by providing all the needs and facilitating obstacles for workers in the industrial sector, thus ensuring their survival in the labor market.
Exempting some industries from taxes, which contributes to lower commodity prices and helps business owners to succeed and make a profit.
Saudi Industry Objectives
Attempting to take advantage of modern technology and use it in the widest range, in order to achieve maximum benefit from it in the industrial sector and its various fields.
Benefiting from the workforce of citizens and training them in a good and effective manner that contributes to developing their capabilities, which will advance the Saudi industry.
Trying to reduce expatriate workers as much as possible, attracting Saudi labor and encouraging them to work through various incentives and good and effective training.
Creating joint opportunities for cooperation in various fields of industry, which will achieve progress and prosperity in all fields, not just the industrial field.
The desire to produce good national goods that compete with other products, which reduces the chances of importing from abroad, and opens new avenues for the local industry.
Diversity in different industry sources and avoiding dependence on oil only in industries that are exported abroad.
Types of Saudi industry
There are two types of industry in the Kingdom: the public sector industry, and the private sector industry.
As for the most prominent public sector industries, they are represented in the petroleum refining industries and the field of arms and ammunition.
As well as the field of aviation, fertilizer industry and military industries.
While the private sector industries are represented in many different industries such as soap, dates, cement and food industries.
Perhaps the most prominent industries provided by the private sector are consumer industries, most of which are relied upon in the country, and a group of them are exported to Arab countries and markets.
Information about the Saudi industry
Saudi Arabia is the largest producer and exporter of oil and natural gas in the world.
Since petroleum provides almost all of the country's income, the economy fluctuates as global oil prices rise and fall.
In recent years, to diversify their investments, Saudis have invested much of their wealth in foreign products and financial markets.
The development of the oil industry and rapid economic growth have attracted many foreigners to Saudi Arabia.
Many of these expats work in banks, restaurants, hotels, airlines, hospitals, schools, and other service providers.
Most of Saudi industries are related to oil, such as crude oil refining and manufacturing of petrochemicals, fertilizers and plastics.
The expanding construction industry employs large numbers of workers.
Steel plants and aluminum refineries are also being built, and other notable products include leather goods, clothing, and processed foods.
Only a small part of the land of Saudi Arabia is suitable for growing crops
Since there is a shortage of fresh water for drinking and irrigation, one of the most important industries is water desalination which is the process by which sea water is converted into drinking water and table salt.
Among the most important crops are wheat, barley, tomatoes, melons, dates and citrus fruits.
Since local production cannot meet the needs of a growing population, most food must be imported from abroad.