Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, visited the New York Stock Exchange (NYSE) today, one of the world’s largest financial markets. During his visit, he was briefed on the exchange’s advanced electronic systems for evaluating companies and sectors. He also learned about its history, trading mechanisms, purchasing processes, and the best practices employed to improve efficiency and competitiveness.
New York Stock Exchange
Founded in 1792, the New York Stock Exchange is one of the largest global exchanges, with a market capitalization over $30 trillion. Traders buy and sell shares through an auction system run by securities brokers. Known for its strict listing rules and transparency, it ensures strong investor protection. While based in the U.S., it also has offices in Asia, the Middle East, and Europe.
Development Organization
During his visit to New York, Minister Alkhorayef welcomed industry ministers and leaders from around the world at an event organized by Saudi Arabia in partnership with the United Nations Industrial Development Organization (UNIDO). The event served as a precursor to hosting the 21st General Conference of the organization in Riyadh in 2025 and the Multi-Party Industrial Policy Forum (MIPF) in 2024. Moreover, he invited global industry leaders to participate in these events to develop innovative industrial solutions and policies supporting regional and global development.
The Minister of Industry and Mineral Resources’ visit to the U.S., running until September 28, aims to boost industrial and mining cooperation, strengthen bilateral ties, attract quality investments, and explore opportunities in key sectors like aviation and aerospace.
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