The Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef said the Kingdom of Saudi Arabia’s industrial sector adopts technology and innovation, and creates quality job opportunities for citizens, citing the launch of NEOM Industrial City “Oxagon” which represents a qualitative leap for the industrial sector in the Kingdom, transferring to clean energy as per the objectives of the Saudi Green and Green Middle East initiatives.
Addressing the Global Summit for Industry and Manufacturing (GMIS) held in the UAE, the minister explained that Saudi Arabia has demonstrated a high capacity and efficiency in handling the coronavirus (COVID-19) pandemic while giving priority for human health and safety, business continuity, and supporting the economy, adding that the measures taken have proven the integrity of the Kingdom's vision 2030, which aspires to provide a vibrant society, thriving economy and an ambitious nation.
The minister underlined that what has been done since the launch of the Kingdom’s Vision 2030 in terms of regulations, legislation and investments in communications infrastructure were paramount for overcoming the pandemic. He noted that infrastructure readiness and investment in that sector is an important matter to ensure dealing with growth, responding to changes and adopting automation and new business models based on advanced technology and applications of the fourth industrial revolution.
Building human capacities is the only guarantee for business sustainability and growth to achieve the requirements of societies in the long term, in addition to the need to reconsider education methods, rehabilitation and training to ensure a response to the needs of future business, adopting a culture that stimulates creativity and innovation, and embracing competencies and capabilities that ensure the permanent ability to adapt and build business models that ensure sustainability and growth, the minister said.
Al-Khorayef stressed that Saudi Arabia has great ambitions in the development of the industrial sector, citing their importance to the Kingdom’s Vision 2030 and their role in diversifying the economic base and providing investment and job opportunities for citizens. He added that the industrial system in the Kingdom aims to help industrial investors achieve their work, meet their goals and obtain promising opportunities for growth and development, not only in meeting the local need but also increase exports to make the Kingdom a global logistics platform.
Last Modified Date: 23/11/2021 - 1:23 PM Saudi Arabia Time