The Kingdom of Saudi Arabia (KSA) Government has
established the Industrial Clusters program to develop the Minerals
and Metal processing, Automotive, Solar Energy, Plastics and
Packaging and Home Appliances clusters.
Industrial Clusters aims to use KSA's 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 (KSA is the world's
largest exporter of oil)
- Petrochemicals (KSA's petrochemical industry, the world's 11th
largest, exported 31 million tonnes in 2010)
- Logistics (a booming sector, due partly to KSA's location at
the crossroads of Europe, Asia and Africa)
- Information and communication technology (KSA is the largest
ICT market in the Middle East)
- Pharmaceuticals
- Medical devices and technology
- Agrochemicals
- Energy
- Food and beverages