Industrial development in Saudi Arabia: disparity in growth and development
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Author(s)Anis AliLink to ORCID Index: https://orcid.org/0000-0001-7799-6043
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DOIhttp://dx.doi.org/10.21511/ppm.18(2).2020.03
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Article InfoVolume 18 2020, Issue #2, pp. 23-35
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Industrial development in any nation plays a vital role in the strengthening of the economy and employs human resources as per specifications and directly towards the mainstream of the nation. In Saudi Arabia, there was rapid industrialization for four decades. Some manufacturing industries performed well, while some internal and external business environment factors influenced the others’ performance. The study focuses on historical development, as well as recent trends of well-performing and poor-performing industries of Saudi Arabia. Small manufacturing industries in Saudi Arabia are underdeveloped and need more attention to attain sustainable and progressive growth rate in the form of the number of establishments to enjoy the potential. Manufacture of tobacco, computer, electronics and optics, pharmaceuticals and transport equipment are the deprived and underdeveloped industries of the manufacturing sector. There should be some easy credit schemes for the development of deprived or underdeveloped manufacturing industries. To attain sustainable growth and development of the manufacturing sector, a positive attitude of the government towards underdeveloped manufacturing industries, favorable labor laws, and entrepreneurial awareness, technical and financial assistance are necessary. The growth and development of the manufacturing sector of Saudi Arabia will be helpful in the attainment of goals of Vision 2030.
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JEL Classification (Paper profile tab)O14, L70
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References21
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Tables6
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Figures0
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- Table 1. Yearly growth movement analysis of all industries of the manufacturing sector of Saudi Arabia
- Table 2. Relationship (long-term and short-term) between the number of establishments and gross earnings
- Table 3. Relationship (long-term and short-term) between the number of establishments and employees engaged
- Table A1. Variations in growth in all manufacturing establishments (activity-wise) and average gross earnings, net earnings, and operational ratio
- Table B1. Multiple correlations among growth in all manufacturing establishments (activity-wise) and average gross earnings, net earnings, and operational ratio
- Table C1. Growth and development of manufacturing industries in Saudi Arabia
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Sarwar Uddin Ahmed ,
Samiul Parvez Ahmed ,
Ikramul Hasan
doi: http://dx.doi.org/10.21511/bbs.13(3).2018.07
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Reon Matemane ,
Rozane Wentzel
doi: http://dx.doi.org/10.21511/bbs.14(2).2019.11
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ERP implementation in banks: success factors & impact on financial performance
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