Hi-tech Goods Industry in Saudi Arabia Key Trends and Opportunities Analysis

Masud_khan19 Oct, 2019Business

During 2018, Hi-tech Goods Industry in Saudi Arabia performed above historic average. Rising Saudi Arabia�s energy needs primarily stimulated local production of various electric equipment such as electric transformers, generators and cables. Saudi Arabia faces an increasing population size and accelerating industrialisation, driven by large-scale government�s initiatives to transition the country�s economy away from oil sector. Due to this, Saudi Arabia�s power consumption has been rising by 8%.