وزير الصناعة يتباحث مع شركات فرنسية حول فرص الاستثمار المشترك في مجالات التعدين والطيران وصناعة الأغذية

Title: Strengthening Industrial and Mining Cooperation: Saudi Minister Meets with Major French Companies

In a strategic endeavor to bolster economic ties, His Excellency, Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has been engaging in a series of bilateral meetings with leaders of prominent industrial and mining companies during his official visit to France. This initiative aims to explore mutual investment opportunities within the industrial and mining sectors. The meetings were also attended by Abdulrahman Al-Sumari, the CEO of the Local Content and Government Procurement Authority, and Engineer Saleh Al-Sulami, the CEO of the National Industrial Development Center.

The discussions emphasized enhancing collaboration in the realms of industry and mining, while simultaneously identifying reciprocal opportunities in various industries, including mining, aerospace, food processing, packaging, and labeling. During these sessions, the advantages of Saudi Arabia’s investment environment were prominently highlighted, alongside the enabling factors available to prospective investors.

Among the key corporations represented in these discussions were Orano Mining, Bel Group, Sidel, and Safran. Each company’s leadership provided insights into their respective fields, fostering a rich dialogue focused on potential partnerships and shared objectives.

A notable outcome from these discussions was the signing of a Memorandum of Understanding (MoU) between the National Industrial Development Center and Sidel, a global leader in manufacturing packaging solutions. This agreement marks the establishment of a regional service center in Saudi Arabia, aimed at enhancing operational efficiency and offering comprehensive solutions tailored to local market needs. Additionally, this center will house a specialized facility dedicated to developing industrial human resources, ensuring that the local workforce is equipped with the necessary skills and knowledge.

These meetings are part of Minister Al-Khorayef’s broader mission to elevate the Kingdom’s international standing in the industrial and mining sectors, as well as to attract high-quality investments into Saudi Arabia. The emphasis on forging strong bilateral relations with France is indicative of the Kingdom’s pursuit of diversifying its economic partnerships and leveraging international expertise to drive domestic growth.

By focusing on sectors that hold significant potential, such as aerospace and food processing, the minister aims to position Saudi Arabia as a competitive player on the global stage. The discussions offered a platform for both parties to align their businesses with national economic objectives, which include the Vision 2030 initiative aimed at reducing the Kingdom’s dependency on oil and fostering a more diversified economy.

The ongoing collaboration forms a pivotal part of a larger framework that seeks to advance technological innovation and stimulate industrial growth, ensuring sustainability and long-term success. The commitment shown by both the Saudi government and the French companies reflects a shared vision for advancing industrial capabilities while contributing to the economic development of both nations.

In summary, Minister Al-Khorayef’s engagements in France underscore Saudi Arabia’s strategic focus on enhancing its industrial and mining sectors through international partnerships. By securing agreements and fostering dialogue with leading global companies, the Kingdom is poised to harness new opportunities that will drive sustainable growth and development. These efforts not only enhance bilateral relations but also pave the way for significant investment flows into the Kingdom, ultimately benefiting the local economy and workforce.