Industry Minister Meets German Economy Minister

Minister of Industry and Mineral Resources Bandar Alkhorayef met on Sunday at the ministry’s headquarters with German Federal Minister for Economic Affairs and Energy Katherina Reiche to discuss ways to strengthen economic ties and explore investment partnership opportunities in the industrial and mining sectors.
Minister Alkhorayef reviewed the objectives of the National Industrial Strategy and the promising investment opportunities it offers across priority industrial sectors, highlighting the transformation and development currently underway in Saudi Arabia’s mining sector, which provides unique investment opportunities for global companies at all stages of mining.
The minister also outlined the Kingdom’s strategic advantages and the competitive features of its investment environment, positioning Saudi Arabia as a promising global investment hub.
These include its geographic location, which connects three continents, and the incentives offered by the Kingdom’s industrial and mining ecosystem to facilitate the investment journey for both local and international investors, he noted.
The two sides also discussed ways to develop cooperation in advanced manufacturing and in building and enhancing human capital in the industrial and mining sectors, equipping the workforce with high-level skills in line with global best practices.
— SPA