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The Kingdom of Saudi Arabia is undergoing an economic 
transformation journey with the aim of strengthening the 
capabilities of our national economy and diversifying its 
sources of income, relying on KSA’s Vision 2030, whose 
executive programs outline the features of our bright fu-
ture. The industrial sector comes at the top of the sectors 
that are relied upon to support and stimulate economic 
growth, as it contributes directly and mainly to raising 
macroeconomic indicators. KSA aims to increase the par-
ticipation of the industrial sector in the GDP, create job 
opportunities, attract quality investments, increase non-
oil exports, and improve the balance of payments.
The industrial sector in the Kingdom of Saudi Arabia 
is distinguished by the following: It is an extension of a 
great legacy that spans more than four decades. It also in-
Bandar bin Ibrahim 
Al-Khorayef
Minister of Industry and Mineral Resources
cludes a group of entities that harmonize with each oth-
er to achieve the published goals. The infrastructure, for 
example, is undertaken by “Modon” and the Royal Com-
mission for Jubail and Yanbu (RCJY). In legislation and 
studies, the Ministry of Industry and Mineral Resources 
is making improvements in this aspect. Moreover, Saudi 
Export Development Authority as well as the National In-
dustrial Development Center (NIDC) are playing import-
ant roles in this sector. For financing, it is handled by the 
Saudi Industrial Development Fund (SIDF) and the Ex-
port and Import (EXIM) Bank. These entities collectively 
contribute to continue achieving the ambitious goals of 
KSA’s Vision 2030.
Over the past five years, the industrial sector coped the 
positive changes propelled by the Kingdom Vision 2030 
and interacted with these changes by achieving several 
accomplishments included transferring and localizing 
qualitative industries, revamping industrial cities to pro-
mote its attractiveness to investors, launching programs 
that enhance the Saudi exports’ penetration to the global 
markets, and enabling woman and supporting its projects 
in the industrial sector. Moreover, the Kingdom aims to 
maximize the economic value by raising the percentage 
of local manufacturers’ contribution to government pro-
curement, capital and operational expenditures of SOEs 
in the industrial sector, in addition to developing human 
capital, training manpower, and attracting investments to 
localize the industry
For this purpose, and for the future work in the industrial 
sector to be based on scientific foundations, and in light 
of the needs on the ground, it was necessary to design a 
National Industrial Strategy that contributes to stimulate 
this sector, achieving more economic diversification and 
having variety of non-oil income sources Such strategy 
will help the industrial sector creating high-value jobs for 
Saudis, and motivating them to develop their talents to 
contribute building a pioneering and sustainable indus-
trial sector, which contributes to protecting the industry 
from dumping and unfair competition, and achieving the 
positive economic impact from the localization of some 
industries to support the Kingdom’s efforts to overcome 
economic crises. This will develop distinguished  capabil-
ities to attract regional and global investments, keeping 
pace with the changes witnessed by the world in the areas 
of innovation and technology, and benefit from the ele-
ments of the fourth industrial revolution.
The Kingd