شراكات عالمية بالسعودية تدعم التحول الصناعي دولياً

Saudi Arabia's Global Partnerships Drive Industrial Transformation

International collaborations enhance industrial development and sustainability

The second day of the “Multi-Stakeholder Industrial Policy Forum” held in Riyadh, Saudi Arabia, witnessed the signing of several strategic partnerships between governments, international institutions, and major companies. These partnerships aim to strengthen collaboration in industrial fields, contributing to the development of sustainable industrial policies and driving global economic growth through the adoption of advanced technologies.

Focus on Sustainability and Innovation

The forum, organized by the Ministry of Industry and Mineral Resources from October 23-24, addressed key issues like enhancing environmental sustainability in the industry, supporting innovation to improve sector productivity, and navigating the challenges posed by economic fluctuations and global supply chains. The discussions highlighted Saudi Arabia's journey in implementing the National Industry Strategy and its industry ecosystem, emphasizing the role of digitization and artificial intelligence in sustainable manufacturing.

Key Takeaways

• The forum delved into topics such as quality infrastructure, industrial policies to overcome trade-offs, and the development of green policies in heavy industries. It also explored the implications of sustainable supply chains and reliance on clean energy.
• Discussions showcased Saudi Arabia's efforts in developing its industrial ecosystem, a cornerstone for achieving the economic diversification outlined in Vision 2030. The nation's focus on converting gas into high-value products and integrating them into global value chains through international partnerships and infrastructure investments was highlighted.
• The pivotal role of major industrial cities like Jubail (Eastern Saudi Arabia) in propelling industrial growth was emphasized, alongside the contributions of entities like national authorities in facilitating this transformation.
• The forum emphasized the importance of integration among different entities within the industrial ecosystem, allowing Saudi Arabia to strengthen its global position in the petrochemicals sector. The country currently controls over 70% of this market and continues to export products to many countries worldwide, solidifying its position as a leading industrial and logistical hub globally.
• Participants discussed the importance of public-private partnerships in achieving Saudi Arabia's industrial goals.

Bilateral Cooperation

• Tunisian Minister of Industry, Mines, and Energy, Fatma Thabet, highlighted the forum as an opportunity to identify areas of industrial integration among countries.
• Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, discussed opportunities to enhance industrial and mining cooperation with Prime Minister of Guinea, Amadou Oury Bah.
• Al-Khorayef also held bilateral meetings with Palestinian Minister of Industry, Arafat Asfour, Tunisian Minister of Industry, Fatma Thabet, and Pakistani Minister of Industry, Rana Hussain, to explore strengthening joint collaboration in the industrial and mining sectors.
• These meetings highlighted Saudi Arabia's attractive investment opportunities in the industrial sector and its conducive investment climate for foreign investors.