Manar Al Omran unveils SAR 1.2 bn industrial complex to localize construction supply chain
The facilities will include scaffolding, steel casting, aluminum extrusion, and plastic composites
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The facilities will include scaffolding, steel casting, aluminum extrusion, and plastic composites
CEO Sahal Al Thobaiti sees a soft market and thin project pipeline, and a diversified revenue base looks well-timed against…
The IPI rose by 5.1% y-o-y, with oil activities expanding by 5.4% y-o-y
The upgrade aims to boost the Kingdom’s advanced manufacturing capabilities
Over 200 factories have been accredited so far, 4k targeted by 2030
Oil activities saw an annual increase of 10.1%
Demand for modern facilities outpaced the addition of 1.3 mn sqm of space, pushing up rents and occupancy rates
Non-oil activities saw 4.4% y-o-y growth during the month
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