The Kingdom of Saudi Arabia Government has established the Industrial Clusters program to develop some potential industries which are the Minerals and Metal processing, Automotive, Solar Energy, Plastics and Packaging and recently, Pharmaceutical industry has been added to this list.
Industrial Clusters aims to use Saudi Arabia abundant natural resources, raw materials and energy, 27,000 industrial-subject graduates a year and other advantages to pursue highly focused development.
The Industrial Clusters program's aims are to:
- Build the knowledge and competitive intelligence base to create feasible, executable and consistent Industrial Cluster and Cluster Enabling strategies, while anticipating global market trends, opportunities and threats.
- Turn investment opportunities into businesses by developing competitive anchor projects for each cluster.
- Shape and introduce policies to enable the clusters to have the right conditions and factors required to attract and retain investors.
- Create an enabling and collaborative environment among different public and private institutions, resulting in a coordinated strategic dialogue to align efforts, resources and visions to implement new industries and business.
- Support foreign and local investors in compiling sound business cases.
Of course, Saudi Arabia has many other successful and growing industries, most of them already strongly export oriented. They include:
- Oil extraction, refining and processing (ٍSaudi Arabia is the world's largest exporter of oil).
- Petrochemicals (Saudi Arabia petrochemical industry, the world's 11th largest, exported 31 million tonnes in 2010).
- Logistics (a booming sector, due partly to Saudi Arabia location at the crossroads of Europe, Asia and Africa).
- Information and communications technology (Saudi Arabia is the largest ICT market in the Middle East).
- Medical devices and technology.
- Food and beverages.