Industry Minister: Saudi Arabia’s Strategic Assets Drive Global Appeal as Industrial Investment Hub

Minister of Industry and Mineral Resources Bandar Alkhorayef emphasized the Kingdom’s growing role as a global destination for industrial investment during a Saudi-Russian roundtable meeting held on the sidelines of the 2025 INNOPROM International Industrial Exhibition in Ekaterinburg, Russia.

 Chaired by Minister Alkhorayef and organized by the Ministry of Investment, the roundtable brought together senior government officials, business leaders, and investors from both Saudi Arabia and the Russian Federation to explore avenues for deepening economic and industrial cooperation and forming strategic partnerships in key sectors.

 In his remarks, Minister Alkhorayef highlighted the transformative impact of Vision 2030 in reshaping the Kingdom’s economy into a diversified, competitive, and sustainable model. He underscored the wealth of opportunities available in Saudi Arabia’s strategic sectors, particularly in industry and mining.

 He pointed to a range of strategic assets that make the Kingdom an attractive investment destination, including its geographic position linking major global markets, robust industrial infrastructure comprising industrial cities and economic zones, as well as the availability of natural resources, competitive energy prices, and a skilled workforce. He noted the ease of doing business and the wide range of investor support services available, such as financing solutions, ready-built factories, and export incentives.

 The minister stressed Saudi Arabia’s commitment to building human capital as a cornerstone of sustainable industrial growth. He noted that the Kingdom’s localization efforts include comprehensive training and upskilling programs aimed at equipping the national workforce with advanced manufacturing competencies tailored to the evolving needs of modern industries.

 Also present at the meeting were Assistant Minister of Investment Dr. Abdullah Aldubaikhi and Saudi Ambassador to Russia Abdulrahman Al-Ahmad.

 The roundtable formed part of Minister Alkhorayef’s official visit to Russia, where he is leading the Saudi delegation at INNOPROM 2025. Saudi Arabia’s participation underscores its efforts to enhance international industrial cooperation, promote knowledge transfer, and attract advanced technologies to support the localization of high-potential industries.