24 Hrs
Source:
الاقتصادية
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Saudi Water Chief on Local Manufacturing Savings
The article concerns Saudi Arabia's approach to localizing the water industry and achieving cost savings of up to 20% by manufacturing products domestically instead of importing them. The program focuses on establishing seven factories with investments totaling 2.8 billion Riyals, and producing a range of essential components by 2028. This will shorten supply times and strengthen supply chain resilience. It also aims to increase local content, which reached 68.27% in the first half of 2023, and to create approximately 12,000 jobs. The plan projects that localization investments will exceed 11 billion Riyals by 2033, leading to product cost reductions of 20-30%. Additionally, the program promotes knowledge transfer, develops national capabilities, and aims for self-sufficiency in reverse osmosis membranes, with local products being exported to 27 countries.
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