Riyadh: Minister of Industry and Mineral Resources Bandar Alkhorayef hosted a German delegation, including CEOs of prominent industrial and mining companies, at the ministry's headquarters to explore joint investment opportunities and the incentives provided by the Kingdom to ease investors' pathways.
According to Saudi Press Agency, during the meeting, Alkhorayef emphasized the Kingdom's competitive advantages, such as its abundant natural resources, strategic location connecting three continents and global markets, advanced infrastructure, and political and economic stability, along with a skilled, young workforce.
He highlighted the economic transformation under Vision 2030, focusing on diversification by fostering growth in key sectors like industry and mining, and empowering the private sector's central role in development. Alkhorayef also stressed the Kingdom's dedication to creating an integrated industrial ecosystem that supports investors throughout all project stages, inviting German companies to capitalize on the high-quality opportunities available.
The minister reiterated the Kingdom's commitment to enhancing global investment partnerships, leveraging the expertise of leading industrial nations, and localizing advanced manufacturing and mining technologies, aligning with Vision 2030 objectives to establish the Kingdom as a leading industrial power and a global mining hub.