In a statement to the media, the Saudi Minister of Industry and Mineral Resources, Bandar Ibrahim Alkhorayef, shed light on the Kingdom’s active engagement at the 2024 World Economic Forum (WEF) in Davos, Switzerland. The minister emphasized Saudi Arabia’s commitment to tackling pressing global issues, particularly in the spheres of supply chain management and capacity enhancement.
Alkhorayef pointed out that the Kingdom’s involvement in the WEF not only demonstrates its crucial influence in the journey towards carbon neutrality but also aligns with the objectives of Saudi Vision 2030. He underscored that this strategic vision is in harmony with critical worldwide concerns such as climate change, sustainable development, and pioneering innovation. Furthermore, the minister underscored the opportunity for Saudi Arabia to connect with leading figures in the global private sector, thereby facilitating collaboration on these matters and bolstering economic and developmental projects across a variety of sectors in the country, including industry, mining, and research and development.
The minister expressed that the nation is steadfast in its pursuit to diversify its economy and generate new employment opportunities for its citizens, leveraging the technologies emerging from the Fourth Industrial Revolution. Alkhorayef pointed out that the Davos summit provides an ideal stage to present the substantial strides Saudi Arabia has made in these domains.
Alkhorayef concluded by highlighting the vital importance of international alliances in tackling contemporary issues, particularly in the essential areas of food, water, energy, and maintaining sustainable global supply chains. He noted that such partnerships are instrumental in ensuring dependable access to crucial minerals, which support the global shift towards a clean energy future.