The steel sector in Saudi Arabia is witnessing a remarkable development, driven by major projects in the fields of housing, infrastructure and renewable energy. Thanks to huge investments in this sector, the Kingdom seeks to expand its production base and meet the growing local demand, and even strengthen its position as a global industrial center in the iron and steel industry.

<According to media reports, steel production in the Kingdom is expected to rise to 25 million tons by 2035, reflecting strong growth in domestic demand, which is expected to reach 24 million tons by the same year. The SAR 60 billion specialty industries sector is also expected to contribute to this growth.

This growth is dependent on a strong domestic demand growth of 24 million tons by the same year. This growth is based on the mega projects implemented by the Kingdom in various sectors, especially in infrastructure and renewable energy, which makes the sector more attractive to local and international investors.

<In this context, the Kingdom is seeking to move from self-sufficiency to global leadership in the steel sector by investing 60 billion riyals in manufacturing industries that rely on high-value-added iron and steel products. This ambitious transformation reflects the Kingdom's strategy to achieve industrial diversification and contribute to strengthening the national economy, as well as creating new job opportunities and supporting environmental sustainability. <Megaprojects in infrastructure and housing, as well as growth in the renewable energy sector, are supporting increased investments in the steel sector. The Kingdom aims to develop iron and steel-based manufacturing industries with value-added products, reflecting its desire to lead this sector locally and globally.

The Kingdom aims to develop iron and steel-based manufacturing industries with value-added products, reflecting its desire to lead this sector locally and globally.