Prime Highlights:
- Al-Baha region launches $24 million industrial projects to attract investment, create jobs, and strengthen SMEs.
- Agreements signed with universities and training institutions aim to develop local talent and support industrial growth.
Key Facts:
- By July, Al-Baha had issued 39 mining licenses, with total investments of SR117 million, and has 49 factories across various sectors.
- The region is rich in minerals and industrial resources, including gold, silver, copper, feldspar, marble, and pozzolan, valued at around SR285.4 billion.
Key Background:
Saudi Arabia’s Al-Baha region has unveiled industrial projects worth SR89 million ($24 million), aimed at enhancing investment opportunities, creating jobs, and strengthening the local mining and small and medium enterprises (SME) sectors.
Prince Hussam bin Saud bin Abdulaziz, governor of the southwestern region, inaugurated several infrastructure and utility projects at the First Industrial City in Al-Baha. The initiative is part of broader efforts to reinforce the region’s industrial and investment environment.
The launch event was attended by Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, who also chairs the Saudi Authority for Industrial Cities and Technology Zones (MODON), along with its CEO, Majed bin Raed Al-Argoubi.
Al-Baha is rich in untapped mineral resources, including gold, silver, copper, zinc, and lead. The region also has industrial rocks and decorative stones like feldspar, marble, and pozzolan, worth about SR285.4 billion. The new industrial activities involve service and logistics hubs and are likely to attract further investment and help with Saudi Vision 2030.
Several agreements were signed to boost investment, train local talent, and collaborate with Al-Baha University and the Technical and Vocational Training Corporation. These programs will train graduates, share knowledge, and support small and medium businesses.
Prince Hussam said the projects show the Kingdom’s commitment to industrial growth, creating jobs for youth, and supporting SMEs through collaboration with educational institutions. Minister Alkhorayef emphasized the critical role of industrial and mining sectors in economic diversification under Vision 2030 and noted plans to extend such initiatives to all regions of the Kingdom.
By July, Al-Baha had issued 39 mining licenses, with total investments of SR117 million. The region has 49 factories producing building materials, food, plastics, rubber, chemicals, and metals.
These projects are helping Al-Baha grow as a center for industry, investment, and economic development in Saudi Arabia.
