DAVOS: Saudi Arabia is primed to position itself at the forefront of the global industrial transformation, leveraging its scale, strategic vision, and competitive energy infrastructure to become a leader in sectors such as clean industries and advanced technologies, experts said on Tuesday.
Speaking at a panel at the World Economic Forum in Davos, Rayan Fayez, deputy CEO at NEOM, highlighted how the Kingdom’s industrial city, Oxagon, is driving diversification and clean manufacturing.
The city is already home to several key sectors, including green hydrogen, renewable manufacturing and AI data centers.
The world’s largest green hydrogen project, a collaboration with ACWA Power and Air Products, is 90 percent complete and expected to be operational by 2027, Fayez said.
Renewable manufacturing partnerships are also taking off, with Chinese companies establishing solar and wind production outside China for the first time.
