Saudi Arabia is emerging as a key player in the global industrial transformation, leveraging its strategic location, abundant renewable energy, and advanced digital infrastructure. At the World Economic Forum in Davos, experts highlighted the progress of NEOM's Oxagon city, which is driving diversification through clean manufacturing, green hydrogen, and artificial intelligence data centers. The world's largest green hydrogen project in NEOM is nearing completion, and partnerships with international companies are expanding renewable manufacturing in the region.

Panelists emphasized that Saudi Arabia's readiness and low-cost energy make it attractive for industrial investment, with agility and collaboration now more critical than sheer scale. Leaders from ACWA Power and the World Economic Forum underscored the importance of cooperation across borders and sectors to address challenges in supply chains, technology, and talent. The Kingdom's approach, focusing on speed and partnership, is seen as essential for future competitiveness and economic growth.