The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has invited Chinese companies to invest in Saudi Arabia’s key industrial sectors, such as automotive, food, pharmaceutical, and aviation. This invitation was extended during a roundtable meeting in Guangzhou organized by the Federation of Chambers of Commerce.
Al-Khorayef highlighted the Kingdom’s offerings to industrial investors, including developed industrial lands, financing options, workforce training, and specific incentives. He emphasized that local products are prioritized in government procurement.
The minister stated, We are looking for companies that can help us boost investment in key industrial sectors essential for the Kingdom. These include automotive, aviation, food, pharmaceutical, machinery, equipment, and renewable energy industries. We also aim to develop supply chains for buses, trucks, and light-duty vehicles, as the demand for these is expected to rise in the upcoming years.
He praised the strong relationship between Saudi Arabia and China and expressed the Kingdom’s intention to strengthen its economic partnership with China, particularly in the industrial and mining sectors, as part of its economic diversification efforts.
The meeting was attended by several high-ranking officials, including the Assistant Minister for Planning and Development, Dr. Abdullah Al-Ahmari, the Chief Executive of the National Industrial Development Center, Eng. Saleh Al-Sulami, and the Chief Executive of the Saudi Authority for Industrial Cities and Technology Zones, Eng. Majid Al-Argoubi.