What we do
The Home of Innovation™ complements other SABIC initiatives in support of the government’s National Industrial Strategy and Vision 2030.
The Home of Innovation™ helps SABIC and other global organizations form win/win business relationships with each other and with local companies.
CREATE THE FUTURE
The Home of Innovation™ will be a catalyst for the future, facilitating connections and innovations that make the world a better place for everyone.
Machinery and equipmentLocal demand exceeding US$15 bn pa, with only 20% currently met by local production. Find out more
Around 1.3 million vehicles sold regionally in 2016, more than half in KSA - the only one of the world’s top 20 countries by demand with no local/ regional production.
Unlimited sun, strong winds, and cost savings of up to 8% on some renewable components.
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High local demand - US$2.4 bn in 2015, and rising 12% a year - with only 10% currently produced locally.
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Construction materialNew materials and technologies are replacing traditional methods to enable smarter, greener buildings Find out more
A massive and fast-growing local market opens opportunities for those in the food processing industries.
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Local demand expected to grow 60% by 2035, with potential US$2bn+ opportunity in related product manufacturing
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CIVIL AVIATIONGlobal travel continues to soar, with passenger numbers forecast to rise from 3.8bn in 2016 to 7.2bn by 2035. Find out more
AquacultureOver 2,600 km of largely untapped coastline with an estimated potential fishing capacity of around 1 million tons. Find out more
LogisticsSaudi Arabia is at the crossroads of Asia, Africa, and Europe, with potential for savings of 15% for the region. Find out more
Military industriesWith high regional demand, particularly in drones and advanced technology, the growth potential is limitless. Find out more
MiningWith major undiscovered reserves, Saudi Arabia is well placed to exploit fast-growing national and regional demand Find out more
Oil & GasAs a global powerhouse in chemicals, Saudi Arabia’s oil & gas related industries have huge export potential Find out more
Frequently Asked Questions
What is the Home of Innovation™?
The Home of Innovation™ is both a place and a program. The building, having gained the first LEED Platinum certification in the Middle East, is one of the most sustainable in Saudi Arabia; the program it accommodates is a key SABIC growth initiative, combining marketing, innovation and technology to bring together global and local partners, drive local development, and support the National Industrial Strategy and Vision 2030.
How does the initiative work?
The Home of Innovation™ provides the perfect environment and expertise to bring together participants, partners, markets and new materials in major initiatives to capitalize on local resources and capabilities, stimulate and empower local development, and turn challenges into opportunities, delivering benefits for all involved.
Who can benefit from the Home of Innovation™?
National and global companies looking to benefit from rapid development in The Kingdom and the region; in an innovative platform that combines KSA’s innovation ecosystem under one roof.
Governmental bodies and regulatory entities that are aspired to get exposed to the latest commercial innovations that play alongside SABIC’s expertise and advanced raw materials.
How does the Home of Innovation™ link to related SABIC programs?
The Home of Innovation™ is strategically positioned by SABIC to enable its local content initiatives, in support of the National Industrial Strategy and Vision 2030, alongside Nusaned™, Entema, Daem and financial support for local ventures, and Muahal, focused on workforce development.
How can we be part of the Home of Innovation™?
Companies can apply to become Home of Innovation™ participants as long they meet two criteria: they must be an OEM (Original Equipment Manufacturer); and their business must fall within one of the 13 sectors targeted by the National Industrial Strategy.
How can we benefit as a Home of Innovation™ participant?
Participants join others to capitalize on opportunities arising out of the National Industrial Strategy and Vision 2030, and can expect particular benefits in three areas: marketing, with market engagement, networking and technology promotion; and business development, with SABIC and local content, facility utilization, and business and technical support; as well as regulatory support with KSA’s specifiers.
Which industries are targeted by the Home of Innovation™?
The Home of Innovation™ focuses on the sectors outlined in the National Industrial Strategy: automotive, aquaculture, civil aviation, construction materials, desalination, energy/renewable energy, food industries, logistics, machinery & equipment, military industries, mining/minerals, oil & gas and pharmaceuticals & medical supplies.