Saudi Gazette report

DAVOS — Minister of Industry and Mineral Resources Bandar Alkhorayef held several meetings with heads of international companies, including the CEO of Royal Philips, the vice president of Pfizer, and the CEO of UPL, on the sidelines of the World Economic Forum (WEF) annual meeting in Davos.

Alkhorayef highlighted the promising opportunities in Saudi Arabia's mining sector and discussed potential collaborations in advanced industrial sectors such as aviation, automobiles, pharmaceuticals, vaccines, and chemicals.

He also underscored the Kingdom's incentives and enablers aimed at enhancing the industrial investment environment and explored opportunities for knowledge transfer and innovation in the biotechnology, vaccines, and electric vehicle industries. These actions align with the Kingdom's ambitious plans to position itself as a key hub for advanced strategic industries.