Saudi Arabia aims to boost domestic manufacturing and enhance local expertise in renewable energy by producing steel towers for wind energy systems within its borders. This initiative, led by the kingdom’s Local Content and Government Procurement Authority (LCGPA), aligns with Saudi Arabia’s broader objectives to localize production and drive sustainability in its energy sector.

This initiative is part of Saudi Arabia’s National Renewable Energy Program, which supports Vision 2030 by leveraging the nation’s renewable energy resources. The program aims to diversify energy sources, drive economic growth, and promote long-term financial stability by developing a robust renewable energy industry.

He emphasized that this initiative aims to add around  $293.33 million to the national GDP, bolstering local supply chains in the renewable energy sector. The localization of wind tower production is also anticipated to generate over 500 new jobs.

Recently, LCGPA signed an agreement to establish regional insulin production and knowledge transfer, partnering with the Public Investment Fund’s National Unified Procurement Co. for Medicines, Medical Devices, and Supplies (Nupco) and select strategic investors.

Al-Semari emphasized that this agreement aligns with a wider strategy to localize diverse industries and promote knowledge transfer. It focuses on six to seven insulin products valued at around $930 million to $1.07 billion.