Saudi Arabia's Ministry of Industry and Mineral Resources has signed a tripartite agreement with Germany's Deutsche Messe and Riyadh Exhibitions Company Ltd., planning to hold the Industry Transformation Expo in December 2025. This initiative aligns with Saudi Arabia's Vision 2030, which emphasizes the introduction of Industry 4.0 technology and the promotion of digitalization in local production.

For the steel industry, Oman is anticipated to emerge as a significant market for steel demand in the steel industry, driven by continuous investments in infrastructure, including manufacturing and logistics.

Moreover, the prices of precious metals are affected by geopolitical tensions and a declining dollar. Platinum and palladium are commonly utilized in the automotive and heavy industries, and the increased prices could create financial strain for manufacturers.