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An advanced economy like Saudi Arabia’s needs a lot of machinery and equipment: around 80% is currently imported

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Lack of information and transparency and scarcity of appropriate local skills are among the barriers to significant entry in this key sector of the modern economy, yet the potential is there, and it is massive. Current imports account for around US$15bn pa. The government’s ability to leverage its immense buying power through LCGPA (The Local Content and Government Procurement Authority) and similar programs, along with the widespread availability of key resources, from raw materials to energy and industrial land, highlight the potential for development. 

All underpinned by regional growth, particularly in construction, mining and metals processing, ensuring healthy demand – not just nationally but regionally – for the foreseeable future.

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