Latest news with #industrialgrowth
Arab News
a day ago
- Business
- Arab News
Industrial cities in Saudi Arabia's Qassim region hit 77% occupancy rate, official reveals
RIYADH: Industrial cities in Saudi Arabia's Qassim region are performing at occupancy rates of up to 77 percent, with 158 factories currently in operation, reflecting strong growth and a supportive business environment, according to a top official. During a meeting organized by the the area's chamber of commerce, the Kingdom's Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil Ibrahim bin Salamah explained that the value of industrial investments in the region during the first quarter of 2025 reached SR700 million ($186 million), with the city of Buraydah accounting for the largest share, the Saudi Press Agency reported. This reflects the Kingdom's National Industrial Strategy, introduced in October 2022, which aims to increase the number of factories in the Kingdom to approximately 36,000 by 2035. This approach is designed to attract investment, scale up local production, and strengthen non-oil exports. The SPA statement said: 'The meeting aimed to introduce the most prominent ministerial services and programs and discuss the sector's aspirations to achieve continued growth in development and investment.' It added: 'The meeting addressed several topics related to the industrial sector, including standard incentives for the industrial sector, which enhance the competitive sustainability of the industrial sector in the Kingdom.' The statement further revealed that the assembly addressed the environmental impact of industrial facilities and presented solutions to help improve efficiency and quality. It also included a review and introduction to the Factories of the Future Program, as well as the process of converting these facilities to adopt modern manufacturing practices, automation, and digitization, which directly contribute to the development of the industrial sector in the Kingdom. The gathering also saw a review of the Industrial Links Program, which connects manufacturers with major projects to achieve the goals of the national strategy for increasing local content. The Qassim region experienced 25 percent growth in its business sector over the past seven years, reflecting increased economic activity and contributing to the Kingdom's goal of balanced development, the Ministry of Commerce reported in a post on its official X account in May. The number of commercial records in the central region rose from 68,000 in 2018 to 85,000 by the end of the first quarter of this year, the ministry said at the time. In 2024, Qassim Municipality announced that the region had successfully concluded 711 investment contracts, with a total value exceeding SR740 million. The municipality also provided 1050 diverse investment opportunities aimed at supporting economic development and enhancing the quality of life in the region. The increase comes as the Kingdom pushes ahead with its economic diversification strategy, aiming to increase the private sector's share of the gross domestic product from 40 percent to 65 percent by 2030.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Green Ammonia Market Growth Surges with 70.5% CAGR
The Global Green Ammonia Market size is estimated to be valued at USD 2.52 Bn in 2025 and is expected to reach USD 105.75 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 70% from 2025 to 2032. This market report underscores accelerating business growth, robust market dynamics, evolving industry trends, and significant market opportunities driven by greener hydrogen supply chains and supportive regulatory frameworks across key geographies. It also reflects a tenfold increase in industry size over the forecast period. According to the latest Green Ammonia Market report, adoption is driven by renewable electrolyzer deployments in 2024–2025. The Green Ammonia Market is reshaping the global energy landscape by providing a carbon-free hydrogen carrier that supports decarbonization across power, fertilizer and shipping sectors. Rapid technological advancements in electrolyzers and heavy investment commitments in 2024–2025 are fueling this transition, positioning green ammonia as a cornerstone of sustainable industrial growth backed by robust market insights. Key Takeaways: Region: - North America: Rapid electrolyzer deployments in the U.S. and Canada integrate renewable-driven ammonia plants. - Latin America: Wind- and solar-powered projects in Chile and Brazil target exports to Europe. - Europe: Incentives under the European Green Deal fuel pilot plants in Germany and the Netherlands. - Asia Pacific: China, Japan and Australia lead giga-projects leveraging abundant solar and wind resources. - Middle East: UAE and Oman invest in gigawatt-scale electrolyzers for green ammonia exports to Asia. - Africa: South Africa and Morocco launch demonstration plants serving local fertilizer and power industries. Market Segment Covers: By Technology Segment: • Alkaline Electrolysis – Benchmark for large-scale plants with proven reliability. • PEM Electrolysis – Flexible operation suited to intermittent renewables in pilot sites. • Solid Oxide Electrolysis – High-temperature efficiency trials in Japan's R&D hubs. By Application Segment: • Fertilizer Production – Yara pilot blends green ammonia with natural gas for carbon-neutral N-fertilizers. • Power Generation – Retrofitted combined-cycle turbines running on ammonia in Netherlands. • Marine Fuel – Maersk test voyages using ammonia-powered engines to cut shipping emissions. By End-User Segment: • Utilities – Grid stabilization via ammonia-to-power facilities in Spain. • Agriculture – Carbon-neutral fertilizer supply chains boosting yields in India. • Transportation – Development of green ammonia bunkering hubs in Rotterdam. These key takeaways provide an early-stage market analysis, define market scope, and highlight pivotal market segments across geographies. Market Growth Factors: These market drivers, validated through extensive market research, include: - Electrolyzer Cost Declines: PEM electrolyzer CAPEX dropped ~20% in 2024, spurring plant rollouts in Spain and Australia. - Renewable Capacity Expansion: Solar and wind installations grew over 15% in 2025, enhancing green hydrogen feedstock availability. - Carbon Pricing Incentives: A $50/ton CO₂ price in EU markets in 2025 improved green ammonia competitiveness by 30%, boosting Green Ammonia Market share prospects versus grey ammonia. - Policy Support: Japan's Basic Hydrogen Strategy earmarked USD 1.5 Bn for ammonia R&D in 2024, accelerating market research into scalable production. Purchase Now Up to 25% Discount on This Premium Report @ Market Trends: - Modular Electrolyzer Adoption: Containerized units gain traction in Africa and Latin America for off-grid ammonia production. - Strategic Partnerships: Yara International and Siemens Energy launched a 10 MW pilot in 2024, illustrating cross-sector collaboration. - Export Corridors: Oman's Duqm to Shanghai shipments commenced in late 2025, establishing new supply routes. - Digital Twins & Automation: Thyssenkrupp's digital twin rollout in Germany in 2024 improved plant uptime by 12%. These Green Ammonia Market trends reflect modularization, digitalization and cross-border partnerships reshaping supply chains and driving business growth amidst evolving industry trends. Actionable Insights: - Supply-Side Indicators: Global electrolyzer production capacity rose to 6 GW in 2024 from 4 GW in 2023; average green ammonia pricing stabilized around USD 650/ton in Q2 2025, reflecting Green Ammonia Market revenue growth potential. - Demand-Side Indicators: Japan's green ammonia imports surged by 200 kt in 2025; fertilizer blending use cases in India expanded by 30% YoY. - Micro-Indicators: Project finance rates fell to 4.5% in 2024 for green ammonia ventures, lowering cost of capital. - Nano-Indicators: Site-level water purification adoption grew 40% in 2025, ensuring higher product purity and reduced downtime. - Market Challenges & Growth Strategies: Water sourcing and intermittent renewables remain key challenges; players pursue JV-based growth strategies and licensing agreements to mitigate risks. Key Players: - Yara International - Siemens Energy - CF Industries - Thyssenkrupp - Air Products & Chemicals - Mitsubishi Heavy Industries - Haldor Topsoe - Nel ASA - Uniper - Engie - Linde - HydrogenPro - Enapter - ACME Group - Iberdrola Competitive Strategies: - Yara International partnered with Siemens Energy in 2024 to deliver a 10 MW PEM electrolyzer pilot, reducing CAPEX per ton by 18%. - CF Industries formed a joint venture with Mitsubishi Heavy Industries in 2025 to scale alkaline electrolysis for 500 kt/year output, enhancing its North American market share. - Air Products deployed digital twin analytics in its Saudi pilot in 2024, improving operational efficiency by 15% and accelerating market growth. FAQs: 1. Who are the dominant players in the Green Ammonia Market? Key market players include Yara International, Siemens Energy, CF Industries, Thyssenkrupp, Air Products & Chemicals, and Mitsubishi Heavy Industries, leading technical innovations and offtake agreements. 2. What will be the size of the Green Ammonia Market in the coming years? The market is projected to reach USD 105.75 Bn by 2032 at a 70% CAGR, driven by falling electrolyzer costs, expanded renewable capacity and supportive policies. 3. Which end-user industry has the largest growth opportunity? Fertilizer production remains the largest segment, with carbon-neutral agriculture initiatives boosting demand for green ammonia blends by over 25% in 2025. 4. How will market development trends evolve over the next five years? Modular electrolyzers, automation via digital twins, cross-border export corridors and integrated supply chains will dominate, aligned with the EU Green Deal and Japan's hydrogen strategy. 5. What is the nature of the competitive landscape and challenges in the Green Ammonia Market? Competition centers on electrolyzer tech improvements, CAPEX reductions and offtake contracts. Major market restraints include intermittent renewable integration and water sourcing in arid zones. 6. What go-to-market strategies are commonly adopted in the Green Ammonia Market? Players often pursue joint ventures, pilot-to-commercial scale rollouts, licensing partnerships and vertical integration with utilities and fertilizer majors to secure anchor offtake agreements. ✍️ Author of this marketing PR: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Zawya
2 days ago
- Business
- Zawya
$74.17bln invested to operate over 1,000 factories in Qatar: MoCI
Doha: Saleh Majed Al Khulaifi, who serves as Assistant Undersecretary for Industry and Business Development at the Ministry of Commerce and Industry, stated that Qatar's industrial sector is growing rapidly, with 1,004 operating factories in the country by the end of last year and a cumulative investment of QR270 billion. He made this statement during a ceremony organized by the Ministry to honor entities that contributed to the success of several national initiatives, including National Product Week, the Opportunities initiative, the Ramadan discounted consumer goods list, and the initiative supporting red meat during Ramadan and Eid Al Adha. Attending the event was Assistant Undersecretary for Consumer Affairs Hassan Sultan Al Ghanem, alongside representatives from participating entities and companies. Al Khulaifi highlighted that these initiatives aim to empower the private sector and enhance its role as a key partner in achieving economic growth and diversification. He emphasized that the 1,000 Opportunities initiative, launched in collaboration with Qatar Development Bank in 2022, was part of the Ministry's digital tools on the Single Window platform. The initiative helps local investors access existing and future investment opportunities and encourages broader participation in the industrial sector. He also noted that the Manufacturing Strategy (2024-2030) targets increasing the value added by manufacturing industries to over QR70.5 billion, boosting non-hydrocarbon exports to around QR49 billion, and growing industrial investments to more than QR326 billion by 2030. It also aims to diversify manufacturing by 50% and accelerate the shift toward smart, knowledge-based industries. Meanwhile, Al Ghanem praised the success of the Ramadan discounted consumer goods list for 1446 AH, calling it a model of successful public-private cooperation to ease the economic burden on citizens and residents and help balance the local market. He said that around 18 retail outlets participated in the initiative, which resulted in total savings for consumers of QR5,317,311 out of QR52,712,765 in total sales, a 10% price reduction overall. Consumer spending on goods during Ramadan reached QR47,395,454, reflecting strong demand for discounted products. He noted that 2025 recorded the highest sales volume since the initiative began, signaling increased consumer awareness of the importance of such national programs. Commenting on the program's success, he said that protecting the consumer was not the responsibility of a single party, but a shared duty that requires the combined efforts of all relevant stakeholders. He reaffirmed the Ministry's commitment to creating a fair and secure consumer environment and enhancing transparency in commercial dealings. Director of the National Product Competitiveness Support Department at the Ministry Dr. Mohammed Ahmed Al Buhashim Al Sayed, expressed pride in the achievements of National Product Week, describing it as a prominent annual event that showcases the quality of Qatari products and boosts their visibility in the local market. He added that the latest edition saw a significant increase in footfall and recorded a 75% surge in sales at some retail outlets, reflecting growing consumer trust in Qatari products and heightened awareness of the importance of supporting national industries. He also announced the launch of a dedicated webpage for Qatari products on the Ministry's official website, allowing factories to apply for the Qatari Product label and to report unfair trade practices and industrial obstacles, supporting the principle of fair competition. Reviewing industrial growth indicators, Dr. Al Sayed revealed that the number of national products had risen to 1,815, a testament to the effectiveness of the Ministry's industrial policies in line with Qatar National Vision 2030. The ceremony included a video presentation showcasing key national initiatives launched by the Ministry during the year and their developmental and economic objectives. The event concluded with an awards presentation honoring participating entities and companies for their significant contributions to economic development and community partnership. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
09-06-2025
- Business
- Zawya
Bahrain signs deal with Oman to boost SMEs
Bahrain - As part of the official visit by Industry and Commerce Minister and Export Bahrain chairman Abdulla bin Adel Fakhro to Oman, a memorandum of understanding (MoU) was signed between Export Bahrain and the Small and Medium Enterprise Development Authority in Oman. The signing took place in the presence of Mr Fakhro and Oman's Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef. The MoU was signed on behalf of Bahrain by Export Bahrain CEO Safa Abdulkhaleq and on behalf of Oman by SME Development Authority (Riyada) deputy chairman Mazin bin Saif Al Busaidi. The MoU aims to support the growth of the manufacturing and industrial sectors in the two countries by developing the capabilities of small and medium enterprises (SMEs) and enabling their expansion into regional and international markets. This will enhance their contribution to GDP and support the broadening of commercial and investment cooperation between Bahrain and Oman. The MoU also establishes mechanisms for exchanging relevant information related to market research and commercial regulations, in addition to providing a package of joint services including organising official visits, participating in trade exhibitions and conferences, and conducting virtual seminars and specialised workshops. A key provision of the MoU stipulates the secondment of experts from Export Bahrain to collaborate with Oman's SME Development Authority to develop the export ecosystem and support enterprise development programmes, thereby contributing to building competitive capabilities of SMEs in both countries and enabling their expansion into regional and international markets. On the occasion, Ms Abdulkhaleq stated: 'This memorandum reflects the strategic partnership between the Kingdom of Bahrain and the Sultanate of Oman, through which we seek to open new horizons to develop the capabilities of small and medium enterprises and enhance their competitiveness in international markets, contributing to supporting the national economy and increasing income diversification.' Meanwhile, Halima Al Zar'iya, chairperson of Oman's SME Development Authority, commented: 'The signing of this memorandum with our partners in the Kingdom of Bahrain is a practical step towards achieving economic diversification goals and strengthening the role of SMEs in comprehensive development. We are confident that this cooperation will open new horizons for knowledge transfer and experience exchange and support Oman's efforts to build a competitive export ecosystem.' Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Bloomberg
05-06-2025
- Business
- Bloomberg
Africa Can Tap $1.1 Trillion From Investors for Growth, AFC Says
African institutional investors are sitting on $1.1 trillion in capital that could finance the region's long-term infrastructure needs and power industrial growth, the Africa Finance Corporation said Thursday. Pensions and insurance companies, sovereign wealth funds and public development banks are still channeling funds into 'low-risk and short-term instruments instead of being channelled into the real economy,' according to the multilateral lender's 2025 State of Africa's Infrastructure Report.
