Saudi Gazette report

RIYADH — Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held bilateral meetings with leaders of several global companies specializing in advanced manufacturing technologies and marine industries.

During the meetings, they reviewed promising investment opportunities in these sectors and the enablers provided by the Kingdom to facilitate investors’ journeys. The meetings were held on the sidelines of the ninth edition of the Future Investment Initiative (FII9) Conference, recently concluded in Riyadh.

Discussions focused on strengthening joint cooperation in the industrial sector, reviewing the objectives of the National Industrial Strategy, and highlighting the investment opportunities it offers in advanced manufacturing, as well as in ship design, construction, maintenance, and the transfer of the latest technologies to the Kingdom.

The meetings also provided an overview of the enablers and incentives offered by the industrial ecosystem to promote specialized industrial investments and empower investors, in line with the objectives of Saudi Vision 2030.

Alkhorayef met with leaders of several companies, which include Taiwan’s GIGABYTE Group, a leader in computing and artificial intelligence systems; Giga Computing Technology, specializing in data centers; Italy’s Fincantieri, a leading company in ship design and construction; Italy’s D-Orbit, active in the satellite industry; and the U.S.-based technology company Intel Corporation.

Moreover, the minister witnessed the signing of a cooperation agreement between the National Industrial Development Center and Fincantieri, aimed at strengthening partnerships in the marine industries sector.

These meetings took place on the sidelines of the FII9 Conference, which serves as a global platform bringing together decision-makers, business leaders, and experts from around the world to discuss ways to stimulate the global economy and explore the future of investment amid rapid technological and economic transformations.