Saudi Gazette report

WASHINGTON — Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef chaired the U.S. Saudi Business Program Roundtable meeting with major industrial and mining companies at the U.S. Chamber of Commerce in Washington on Wednesday.

During his address, Alkhorayef reviewed the Kingdom’s distinctive investment opportunities, calling on the companies to invest in them and take advantage of the enablers provided to facilitate the investors’ journey in the industrial and mining sectors.
The minister affirmed the strength of the strategic ties between the Kingdom and the United States, which span more than eight decades and are grounded in shared ambitions and mutual interests. He noted that the economic ties between the two countries have supported the growth of high-value investment partnerships and contributed to the strong presence of U.S. companies in the Kingdom, now totaling 1,300.

Moreover, the minister pointed to the economic transformation underway in the Kingdom, driven by Saudi Vision 2030, which has positioned the industrial and mining sectors as central pillars of national economic diversification.

Alkhorayef indicated that the Kingdom’s industry and mineral resources system focuses on attracting high-value investments and providing all enablers that facilitate the investor’s journey at every stage.
The minister presented to investors the competitive advantages of the Kingdom’s investment environment and its strategic strengths that make it a promising destination for global capital.

These include its qualified workforce, its geographic position linking three continents and connecting it to major regional and international markets, the abundance of natural resources, competitive energy prices, and its advanced infrastructure and industrial cities, he noted.

The meetings held by the minister with major U.S. companies align with the goals of Saudi Vision 2030 to advance the industrial and mining sectors, enhance their competitiveness, and expand their role in economic diversification. This is pursued through building effective international partnerships, transferring technology and knowledge, and attracting high-value investment.