Saudi Arabia’s Economic Strategy
RIYADH — The Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the significance of the National Initiative for Global Supply Chains in enhancing the Saudi economy.
Speaking at the 28th World Investment Conference in Riyadh, Alkhorayef identified Africa, the Middle East, and Central Asia as key regions in mining, essential for global mineral supply. He asserted Saudi Arabia’s active role in fostering cooperation on solid foundations, with the government striving to establish an integrated environment.
Alkhorayef highlighted Saudi Arabia’s potential to offer numerous opportunities in raw material production, stressing the importance of regional security in this sector. He noted the Kingdom’s significant global influence and the vast areas suitable for mining.
The Riyadh WIC, under the theme “Harnessing digital transformation and sustainable growth – expanding investment opportunities,” convenes global leaders.
During the event, international ministers and organizations participated in a round-table discussion to explore investment promotion strategies amid significant global changes.
