In an insightful exchange, Mohammed Al Naimi, CEO of ACT Group, delves into how Saudi Arabia’s Vision 2030 is reshaping the industrial sector. Al Naimi underscores the initiative’s significant role in driving the sector forward and aiding the nation’s shift towards economic diversification, moving away from a reliance on hydrocarbons. He also touches upon the transforming labor market, with national strategies such as Saudization fostering greater citizen involvement in the workforce. Additionally, Al Naimi points out ACT Group’s proactive engagement in waste-to-energy ventures and its commitment to environmental stewardship and sustainability.
Transforming Industries in Anticipation of Vision 2030
With the advent of Vision 2030, Saudi Arabia is witnessing a surge in demand across various markets, particularly in sectors like crane and lifting, where Al Naimi’s company operates. The initiative has led to an influx of orders and inquiries, signaling robust market growth and a buoyant future for Saudi nationals.
The transportation sector, especially involving heavy transport between key cities such as Jeddah, Dammam, and Al-Khobar, is experiencing an uptick in demand, outpacing even the oil and petrochemical sectors. This reflects the dynamic changes these cities are undergoing.
Industrial and Mining Sectors: The New Economic Pillars
As Saudi Arabia invests heavily in industrial and mining sectors, as well as in new mega projects, companies like ACT Group are witnessing an escalation in activity. This trend is indicative of robust demand in key sectors, which is positively influencing market traction and prompting the acquisition of more equipment and specialists in lifting and transportation.
Job Market Evolution and the Role of Saudization
With Saudization, ACT Group has established a commendable program emphasizing training and adherence to international standards. Saudi nationals hold all decision-making positions within the company, and partnerships with international firms facilitate training for Saudi employees to deepen their technical expertise.
The job market is evolving, with Saudi specialists taking on critical roles. Given that the business relies on international equipment not manufactured locally, ACT Group provides training on their specific business methods, customer service, and correct lifting techniques.
Embracing Waste-to-Energy Initiatives
ACT Group is a major player in Jubail Industrial City, boasting a 300,000 square meter facility dedicated to recycling oil, petrochemicals, electronics, and medical materials. The Saudi government is pushing for more recycling programs and reduced waste disposal. The recycling market in Saudi Arabia is anticipated to experience growth, aligning with international standards set by entities like the Mwan center.
About Mohammed Al Naimi
Having helmed ACT Group as CEO for over two years, Mohammed Al Naimi has led a diverse suite of companies, steering their strategic course and propelling their growth. His innovative strategies have been instrumental in increasing revenue and market presence. Al Naimi is recognized for cultivating a collaborative culture and empowering his teams to excel through effective leadership and mentorship.