WHICH INDUSTRIES ARE BOOMING? – A SAUDI ARABIA FUTURIST SPEAKS ON FUTURE TRENDS + INNOVATIONS

19 Aug WHICH INDUSTRIES ARE BOOMING? – A SAUDI ARABIA FUTURIST SPEAKS ON FUTURE TRENDS + INNOVATIONS

Posted at 19:25h in Uncategorized by

Turning to Saudi Arabia futurists and keynote speakers, it becomes clear which industries are poised for growth and innovation this year and beyond. However, some of the categories and companies on the list below may come as a bit of a shock to the lay reader. That’s because local government leaders have been investing heavily in promoting not just technology and artificial intelligence, but also the arts, culture, creativity, leadership and other disciplines. On top of this, per Saudi Arabia futurists and keynote speakers, the region boasts a young and vibrant population that’s hungry for education and insight – and doesn’t hesitate to look to global leaders to help promote its commitment to world-class learning and education.

 

Which sectors are poised for growth in coming years though? And what types of companies should folks looking at the region be keeping tabs on? We’re glad you asked, because answers lie below…

  • Oil and Gas – Still the dominant industry in Saudi Arabia. But shifting focus to natural gas production and downstream refining.
  • Petrochemicals – With cheap energy feedstocks, petrochemical manufacturing is expanding Saudi Arabia futurists and keynote speakers say. Becoming a major export industry.
  • Mining and Metals – Untapped mineral reserves are leading to new investments in mining of gold, phosphates, aluminum and other metals.
  • Defense – Saudi aims to develop domestic military industries and become one of the top arms exporters. Major investment in defense tech.
  • Renewable Energy – Ambitious target of 50% renewable energy by 2030 is spurring large wind and solar energy projects.
  • Financial Services – Growth in Islamic finance, investment funds, and developing Riyadh as a financial hub – a plus in Saudi Arabia futurists’ and keynote speakers’ eyes. Attracting foreign financial firms.
  • Tourism – Tourism is a key pillar of Vision 2030 with massive investment in leisure destinations and development of heritage sites.
  • Entertainment – Concerts, sporting events, cinemas and theme parks are expanding as entertainment opens up to locals and visitors, which also gets a big thumbs up from Saudi Arabia futurists and keynote speakers.
  • Infrastructure – Major public construction of new cities, transport networks and systems to serve economic diversification.
  • Logistics – Regional transport and logistics hubs being developed given Saudi’s strategic geographic location.

 

The bottom line here? Oil, petrochemicals, mining, defense, renewables, finance, tourism, entertainment and infrastructure are key growth sectors.