Saudi Arabia: NIDC evaluates multi-billion dollar worth of non-oil projects, counts an Alumina refinery
The National Industrial Development Center (NIDC), which shoulders the responsibility of transforming Saudi Arabia’s industrial sector by creating new industries to diversify the economy and meet vision 2030 ambitions, has associated with the Ministry of Industry and Mineral Resources.
The Development Center and the Ministry of Industry and Mineral Resources is evaluating the development of more than $10.66 billion (SAR 40 billion) worth of projects in multiple business divisions.
The investment opportunities include an alumina refinery among other non-ferrous metal industries.
Nizar Y. Al-Hariri, CEO, NIDC, said: “The Kingdom’s industrial strategy aimed at enhancing the target business segments, and attracting top-notch industrial investments over the coming years, which will boost the sources of the non-oil income and provide job opportunities.”
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