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Industrial production volumes decline in April
Mining and quarrying activities accounted for 61% of the IPI index
SAR 3 bn to be invested in Citic’s industrial city + logistics zone in Saudi
The industrial city will be home to 12 Chinese factories
New manufacturing licenses up 24.5% m-o-m in January 2024
Small enterprises accounted for 89.5% of all the recipients
Industrial licenses up 54.4% in December
Investment volume for new licenses were down 17.4% y-o-y in December
Expect a big week for defense industry news
Twice as many players are working in the Saudi defense industry compared to just two years ago
Aramco doubles down on venture capital, Turkish company eyes USD 5 bn steel plant
PLUS: We know more about what Abu Dhabi Commerical Bank
Aramco hikes diesel prices for manufacturers by 53%, but impact on consumers should be limited
It’s the biggest price hike ever for manufacturers and petchem companies, but the impact on consumer-focused companies should be minimal
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