INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia unveils plan to automate 4,000 factories

  • Saudi Ministry of Industry and Mineral Resources has launched a program aiming to move factories away from relying on low-skilled workers to instead automating their manufacturing
  • It has also announced the adoption of the Smart Industry Readiness Index methodology to assess the operational readiness of factories

Saudi Arabia will automate some 4,000 factories in order to enhance competitiveness, efficiency and quality of industry.

In this regard, Saudi Ministry of Industry and Mineral Resources has launched a program that aims to move factories away from relying on low-skilled workers to instead automating their manufacturing.

Launched in two tracks, the program’s first path targets new factories to be designed and built according to high standards in manufacturing and production efficiency.

Alongside raising the competitiveness, efficiency and quality of industry, the Future Factories Program will create quality jobs, the ministry said in a statement.

It has also announced the adoption of the Smart Industry Readiness Index methodology to assess the operational readiness of factories.

The second element of the strategy targets existing factories, seeking to convert them into ones adopting standards of operational excellence and advanced technologies.