Industry Minister Promotes Industrial and Mining Cooperation with Spanish Officials

Minister of Industry and Mineral Resources Bandar Alkhorayef, who is currently on an official visit to Spain, met here today with Spanish Senate Industry and Tourism Committee President Francisco Javier Lacalle Lacalle and Secretary General for Economic Affairs and G20 Manuel de la Rocha Vázquez to discuss strengthening industrial and mining cooperation and exploring joint opportunities in the promising Saudi industrial sector. Alkhorayef highlighted Saudi Arabia's economic transformation under Vision 2030, emphasizing the key roles industry and mining play in diversifying the Kingdom's economy. He also underscored the nation's focus on developing the mining sector as a third pillar of Saudi industry, leveraging its estimated $2.5 trillion-worth of mineral wealth. He emphasized the importance of international partnerships and attracting investment in the mining sector, noting potential cooperation opportunities, given Spain's expertise in mining. Alkhorayef encouraged Spanish companies to invest in Saudi A rabia, highlighting opportunities in the National Industrial Strategy and the Comprehensive Strategy for Mining, and outlining the incentives and support provided to investors. Source: Saudi Press Agency