2023/9/25
Self-Sufficiency in Production
SaudiArabia has not relied on importing raw materials for titanium production.
Instead, it has locally extracted these materials from a mine in Jizan, utilizing its own factory there.
This achievement reflects Saudi Arabia's efforts to promote self-sufficiency in the industrial sector.
International Partnerships
Amid international tensions, Saudi Arabia has managed to attract global companies like Boeing for collaboration in the aviation industry. This reflects international confidence in the Kingdom's industrial capabilities. The Kingdom aims to enhance its international partnerships in the industrial sector, contributing to knowledge transfer, technology, and opening new horizons for growth.
Economic Diversification
The national industrial strategy focuses on diversifying the economy across 12 sectors, including aviation, automobiles, and renewable energy. This enhances economic stability and opens new horizons for growth. The titanium sector is one of the promising sectors targeted by this strategy.
Innovation and R&D
Saudi Arabia aims to invest in research and development and adopt Fourth Industrial Revolution technologies to achieve excellence in a diverse range of industrial goods. Titanium is one of the materials that can benefit from these technologies, as it can be used to manufacture stronger, lighter, and more efficient products.
Conclusion
Vision 2030 is driving Saudi Arabia's industrial growth through targeted policies and innovation. This reflects the Kingdom's commitment to sustainable development and a stronger industrial sector.