Industry
Advancing Industrial Collaboration: Saudi-Chilean Strategic Visit
Bandar Al-Khorayef, Minister of Industry and Mineral Resources of Saudi Arabia, initiated an official journey to Santiago, Chile, with the intention of bolstering bilateral ties in the industrial and mining realms. Accompanying him are Eng. Khaled Al-Mudaifer, Deputy Minister of Industry for Mining Affairs, along with prominent figures from the Saudi industrial and mining sectors.The delegation's mission centers on advancing...
Riyadh to Host UNIDO’s Second Multilateral Industrial Policy Forum
Riyadh — The Ministry of Industry and Mineral Resources is set to orchestrate the second installment of the Multilateral Industrial Policy Forum (MIPF) 2024, scheduled for next October. This prominent forum falls under the auspices of the United Nations Industrial Development Organization (UNIDO).The initiative is part of the Ministry's commitment to bolstering partnerships with UNIDO and its programs, aiming to...
Saudi Arabia Explores Aviation Sector Expansion with Embraer
The Kingdom of Saudi Arabia is taking steps to expand its aviation industry by engaging in strategic talks with Embraer, a renowned aircraft manufacturer. Bandar Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, has met with Dimas Douglas Tomlin, Embraer's Executive Vice President of Strategy and Innovation, as reported by the Saudi Press Agency (SPA). These discussions are centered...
Baosteel Amplifies Saudi Venture Investment to $1 Billion
China's foremost steel producer, Baoshan Iron and Steel (Baosteel), has declared an uptick in its financial commitment to a Saudi Arabian joint venture focused on flat products manufacturing. The investment will surge to $1 billion, a considerable increase from the initial $437.5 million.The strategic partnership was solidified in May through an agreement between Baosteel, a branch of the larger Baowu...
Honeywell Accelerates Growth in Saudi Arabia’s Business Terrain
In a detailed conversation with Phil Daniell, Honeywell's vice president and general manager of Building Automation for the Middle East, Turkey, and Africa, we explored the company's aggressive expansion plans in Saudi Arabia, including the unveiling of a new facility in Dhahran. Daniell offered insights into Honeywell's strategic view of Saudi Arabia as a central market in its global plans,...
Saudi Arabia’s Industry Boom: Surges in Local Production and Mining Investment
The Saudi Arabian Ministry of Industry and Mineral Resources has significantly expanded its national list of mandatory products, with over 200 additions. This expansion includes the localization of vaccine and biological drug production tailored to around 214 essential treatments.Moreover, the integration of more than 2,000 domestic factories with colossal undertakings such as NEOM, ROSHN, and the Diriyah Gate Development Authority...
Boosting Saudi-Turkish Industrial Synergy
The Saudi Arabian and Turkish governments are actively seeking to fortify their relationship within the realms of industry and mining. The Deputy Minister of Industry and Mineral Resources for Industry Affairs, Khalil Ibrahim Ibn Salamah, has been at the forefront of these dialogues during his trip to Türkiye, accompanied by key figures from the Saudi private sector.Throughout the visit, the...
Saudi PIF Boosts Renewable Energy with Key Manufacturing JVs
The Public Investment Fund (PIF) of Saudi Arabia has revealed the signing of three vital partnerships aimed at boosting the domestic manufacturing of solar and wind energy components. These initiatives underscore the kingdom's commitment to fulfilling its energy requirements and solidifying its foothold in the realm of renewable energy.These strategic collaborations are established through the Renewable Energy Localization Company (RELC),...
Strategic Workshop Boosts Major Industrial Firms
An initiative led by the Private Sector Partnership Reinforcement Program, known as Shareek, orchestrated a pivotal Industrial Strategic Workshop this past Monday. The event was orchestrated to bolster the capabilities of significant players in the industrial realm.Notables including Khalid bin Abdulaziz Al-Falih, Minister of Industry and Mineral Resources, and Bandar bin Ibrahim Alkhorayef, alongside various industry chiefs, were in attendance.The...
Empowering Industrial Growth: Insights from the Shareek Program Workshop
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...
