Riyadh: Vice Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Ibrahim bin Salamah discussed opportunities in the railway industry during the dialogue session focused on implementing mega projects at the Saudi International Rail Exhibition and Conference (SIREC 25) in Riyadh. He emphasized the role of railways in enhancing logistical connectivity between industrial clusters, supporting sustainable industrial and economic development in the Kingdom.
According to Saudi Press Agency, the vice minister noted that the railway network is essential for achieving the National Industrial Strategy’s goals by facilitating the transport of raw materials to manufacturing facilities and finished goods to ports and cities, fostering an efficient economic system.
The vice minister stated, “To develop national industrial capabilities and enhance Saudi industry’s global competitiveness, we have launched specialized industrial clusters focused on transforming raw materials into high-value-added products. An advanced railway network is crucial for integrating these clusters and industrial cities, maximizing the industrial sector’s impact on economic diversification.”
He also pointed out that developing the railway-manufacturing sector and localizing technologies offers significant investment opportunities, particularly in producing essential components like wheels, locomotives, and signaling systems. Additionally, he highlighted national investments in specialized metals, plastics, and rubber, vital to the railway industry.
SIREC 25 serves as a key platform for major railway companies to showcase innovations and build partnerships, contributing to the railway industry’s development both locally and regionally.