Minister of Industry Meets Chinese Counterpart to Enhance Cooperation in Advanced Industries

Beijing: Minister of Industry and Mineral Resources Bandar Alkhorayef held a meeting with Minister of Industry and Information Technology of the People's Republic of China Li Lecheng during his official visit to China today. The discussion focused on expanding industrial partnerships and exploring investment opportunities in advanced industrial sectors. According to Saudi Press Agency, the meeting addressed enhancing cooperation in strategic fields such as automotive manufacturing, pharmaceutical industries, and chemical industries. Opportunities to exchange expertise, transfer technology, and qualify human resources in these areas were reviewed, emphasizing the importance of empowering small and medium enterprises (SMEs) in the industrial sector to support sustainable development. The discussion also highlighted the competitive advantages of Saudi Arabia's industrial investment environment, including incentives to facilitate the investor journey. Saudi Arabia's strategic elements, such as its geographical location connecting three continents, abundant natural resources, competitive energy prices, advanced infrastructure, and developed industrial cities, were noted as key factors in making the Kingdom a promising destination for global industrial investments. The meeting was attended by Ambassador of the Kingdom of Saudi Arabia to the People's Republic of China Abdulrahman Al-Harbi, CEO of the National Industrial Development Center Eng. Saleh Al-Solami, and several officials from Saudi Arabia's industry and mining sectors. This visit aims to expand strategic cooperation between Saudi Arabia and China in the industry and mining sectors and attract quality investments to the Kingdom.