Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef, offered deep insights into the strategy’s goals of national industrial, addressing questions and highlighting the plan to progress 12 sectors and 118 strategic goods groups. This ambitious initiative spans several industries, showcasing a broad approach to fostering growth across automotive, medical devices, and more.
Visionary Goals, Enabling Programs
Through a detailed visual presentation, Deputy Minister Engineer Khalil bin Salama emphasized the Kingdom’s dedication to boosting national industries. Moreover, he outlined various programs targeting quality enhancement, aiming to draw both local and international investors to strategic sectors.
Catalyzing Growth: Expanding Investment Opportunities
Engineer Khalil bin Salama shared insights into ongoing efforts to identify over 300 investment opportunities, signaling a substantial investment potential. Additionally, the “Invest in Saudi” platform’s showcasing of 441 investment opportunities, valued at an impressive sum, underscores the Kingdom’s proactive approach to industrial development.
Comprehensive Strategy for Diversification
The strategy’s extensive scope, aiming to elevate sectors from automotive to pharmaceuticals and beyond, signifies a strategic move towards creating a diversified and resilient industrial base. It also represents a critical milestone in Saudi Arabia’s journey.
Prosperous Future
In conclusion, the National Industrial Strategy stands as a bold declaration of Saudi Arabia’s vision. By unlocking new growth paths, the strategy aims to position the Kingdom as a leading industrial powerhouse in the region and beyond, ensuring a prosperous and sustainable future for its people.
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