Industry and Mineral Resources Min. Concludes Riyadh International Industry Week 2024
The Ministry of Industry and Mineral Resources has concluded Riyadh International Industry Week 2024, held from May 6 to 9, at the Riyadh International Convention and Exhibition Center, reported Saudi Press Agency (SPA).
With the participation of more than 522 companies from 23 countries, the event featured four exhibitions:
- The Saudi Exhibition for Plastics and Petrochemical Industries
- Printing and Packaging Exhibition
- Smart Logistics Services Exhibition
- Smart Manufacturing Exhibition
The occasion has witnessed the signing of numerous partnerships and MoUs between ministries and other prestigious entities.
During his opening speech on the second day of the event, Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah has stressed the significance of partnerships with non-government entities.
Bin Salamah stated that signing strategic partnerships with the private sector contributes to accelerating the economic growth of the Kingdom.
According to a report released in April by the Saudi Authority for Industrial Cities and Technology Zones, MODON, private sector investments in the Kingdom’s industrial field more than doubled in the first quarter of 2024, exceeding SR7 billion.
“We look forward to leading the private sector in increasing investment in the manufacturing sector and leveraging the rapid growth in the Kingdom,” Bin Salamah added. He revealed the ongoing cooperation between the Ministry of Industry and Mineral Resources and the Ministry of Energy to foster the integration of petrochemical supply chains in the Kingdom.
These efforts are in line with the Saudi Vision 2030, which aims to diversify the Kingdom’s economy by encouraging the private sector to be a key player in its industrial strategy.
Related Topics:
Riyadh International Industry Week 2024 Kicks off
MODON: Mining Processing Factories Grow by 4.36%
Value of Mineral Resources in Saudi Arabia $2.5 trillion
