Skip to content Skip to footer
Close
SmaLeeN

Market Sector Overview

The Saudi Ministry of Industry and Mineral Resources revealed that the number of new factory licenses in the Kingdom amounted to 98 factories with investments amounting to 8.7 billion riyals during September of the year (2020), while 53 factories started actual production.

The ministry also indicated that the total of existing industrial facilities and under construction until the end of September of the year (2020) amounted to 9,445 facilities, compared to 9,357 facilities on a monthly basis. And the number of Saudi workers in the industrial sector increased during the month of September by about 1,735 workers, compared to a decrease in the number of expatriate workers by about 633 workers.

The new mining investment system represents a qualitative leap for the mining and mineral industry sector, and the adoption of the system enables the Kingdom to make optimal use of mineral resources. The value of mining sites in Saudi Arabia is estimated at 5 trillion riyals ($133.3 billion).

The contribution of the mining sector to the GDP is expected to rise by more than 240 billion riyals ($64 billion), and create more than 200,000 direct and indirect jobs by 2030. Among the pillars of the mining and metallurgical industry strategy are sector governance, enhancing transparency and increasing investor confidence. sector, which are guaranteed by the new mining investment system.
In 2019, the annual production and consumption of the aluminum sector reached the following:
Overview

Global Market Sector

Amid the COVID-19 crisis, the global aluminum market estimated at 92.2 million tons in 2020 is expected to reach a size of 116.9 million tons by 2027, at a compound annual growth rate of 3.5% during the analysis period 2020-2027.

The global high purity aluminum market size is expected to reach $397 million by 2026, from $354.6 million in 2020, at a compound annual growth rate of 1.9% during 2021-2026.

Overview

Saudi Market

The aluminum market in Saudi Arabia was valued at $1,745.3 million in 2018, and is expected to reach $2,44.8 million by 2026, with a compound annual growth rate of 6.8% from 2019 to 2026.

Adoption of a new mining system in Saudi Arabia

Expected Results:
  • Diversification of the Saudi economy
  • Away from oil and gas
Objectives:
  • The sector’s contribution to the Saudi economy has increased threefold
  • Create more than 200,000 jobs by 2030
img-01

Seek To:

  • Continuous external financing for the sector
  • Supporting geological survey and exploration activities
  • Attracting foreign and domestic investments
The Mining Sector in

Saudi Economy

  • The contribution to the GDP is equivalent to 17 billion dollars, of which 15% are exploration and 85% are transport and processing
  • Average annual total exports 7 billion dollars
  • Estimated untapped wealth 5 trillion riyals
  • The sector’s contribution to employment is 250 thousand jobs
  • The only current mining company on the market
  • 65% of the Saudi Wealth Fund's ownership percentage in the company