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الاقتصادية
Saudi Arabia localizes 90% of water tech with 2.8B riyals
The article focuses on Saudi Arabia's efforts to localize the water industry, aiming to produce 90% of the sector's components domestically. It involves investing 2.8 billion riyals in establishing seven factories by 2028 to enhance local production capacity and reduce reliance on imports. The program also seeks to improve operational efficiency by transferring knowledge and technologies from international companies, leading to an increase in local content from 45% in 2020 to 68.27% in 2026, as well as raising the efficiency of high-pressure pumps to 91%, and expanding the capacity of water desalination plants. It is expected that this initiative will generate an economic impact valued at 4.36 billion riyals by 2033 and create over 12,000 jobs, in addition to exporting products to 27 countries. The strategy relies on building national capabilities and developing stable supply chains to support water security and the local industry in line with Saudi Arabia’s Vision 2030.
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