A strategic session named the Industrial Strategic Workshop was recently convened, aimed at bolstering major industrial corporations. The workshop saw the participation of notable figures such as the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, alongside leaders of prominent industrial companies.
Alkhorayef highlighted the pivotal role of the Shareek program in tackling the obstacles faced by private sector firms during the execution of their investment initiatives. He underscored the program’s contribution to the national economy, fostering growth, and supporting the diversification of the Kingdom of Saudi Arabia’s revenue streams as envisioned in Saudi Vision 2030.
The minister also shed light on the 100 enablers and incentives available within the industrial and mineral resources domain. These are designed to aid major corporations in grasping quality investment opportunities within the industrial and mining sectors and to surmount any potential impediments.
He discussed various support mechanisms, including a committee dedicated to helping exporters navigate financial or logistical hurdles. Alkhorayef also focused on the importance of job localization in the industry, collaboration with various sectors to develop national human resources, and the imperative of training these resources in the latest industrial technologies for enduring sector sustainability.
Furthermore, Alkhorayef lauded the synergistic efforts between the Ministry of Industry and Mineral Resources and the Ministry of Investment in refining the investment landscape and boosting its appeal to both domestic and international investors.
The workshop addressed methods to empower substantial companies within the industrial arena, examined investment prospects, and spotlighted key industries identified in the National Industrial Strategy. It also accentuated the services and initiatives provided by the industrial and mineral resources ecosystem to enhance public-private sector cooperation and augment local investment plans of companies.
