KSA Machinery & Equipment's vision is to “Build a vibrant industrial equipment and machinery cluster focused on traditional product categories that are regionally competitive as well as to develop globally competitive national champions in key emerging technologies” to increase contribution to the local value addition (i.e., GDP) and job opportunities in the Kingdom.
To accelerate the development of the Machinery & Equipment cluster, the kingdoms seeks to leverage its sophisticated demand and concentrated buying power among its major state owned enterprises, coupled with strategic investments that leverage its patient capital in future technologies.
To achieve these objectives, the Machinery and Equipment cluster at IC is working on 2 key dimensions:
Further, the senior leadership of the Industrial Clusters (Ministry of Industries and Mineral resources) is leading several KSA wide committees to enable stakeholder collaboration and achieve results such as: