Saudi Arabia’s Hannover Messe Move
Under a tripartite agreement signed by the Ministry of Industry and Mineral Resources with Germany-based Deutsche Messe and Riyadh Exhibitions Company, Saudi Arabia will organize the “Industrial Transformation Fair” for the first time in December 2025 as part of the Hannover Messe network. By joining this global exhibition network, known for its focus on digital industrial transformation and advanced manufacturing technologies, Saudi Arabia will host an important international event.
This step reflects the country’s Vision 2030 strategy, which aims to adopt Industry 4.0 technologies and promote digitalization in local production. For the steel sector, the integration of domestic producers into advanced manufacturing solutions and the digitalization of regional markets could bring new investment and supply opportunities.
Non-Oil Growth Momentum in Oman’s Economy
In the second quarter of 2024, Oman’s economy grew by 2.6%, with a notable 5% increase in the industrial sector. Aligned with the Vision 2040 goals, the country is shifting towards non-oil sectors, and with ongoing infrastructure investments especially in manufacturing and logistics, it could become an important source of steel demand.
Rise in Precious Metals – Geopolitical Pressure and Weak Dollar Impact
The upward trend in gold, platinum, and palladium prices is driven by both tensions in the Middle East and safe-haven demand caused by a weakening dollar. Rising prices of platinum and palladium—used in the automotive and heavy industries—may create cost pressures for producers. At the same time, the costs of high-strength steels alloyed with these metals may also be affected.
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