Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, called upon Kuwaiti entrepreneurs, companies, and investors to capitalize on strategic investment opportunities in the Kingdom's industrial and mining sectors during a high-profile meeting organized by the Saudi Embassy on Tuesday.

Key Investment Highlights Presented:

1. National Industrial Strategy

   • Focus on developing 12 priority sectors including food, pharmaceuticals, automotive, and aviation

   • Commitment to industrial transformation through Fourth Industrial Revolution technologies

   • Digital infrastructure development for smart manufacturing

2. Mining Sector Potential

   • $2.4 trillion estimated mineral wealth valuation

   • 60% completion of Arabian Shield geological survey

   • Vision to establish Saudi Arabia as a global mining hub

3. Competitive Advantages

   • Strategic tri-continental location

   • Advanced infrastructure

   • Streamlined licensing procedures

   • Abundant natural resources and energy supplies

4. Future Industry Initiatives

   • "Factories of the Future" program for industrial automation

   • Workforce development for advanced technologies

   • Alignment with Vision 2030 economic diversification goals

Ministerial Statements:

"Our industrial strategy creates unprecedented opportunities for both local and international investors," stated Al-Khorayef. "With 60% of the Arabian Shield already mapped and $2.4 trillion in mineral resources, the mining sector alone represents transformative potential for our Kuwaiti partners."

Diplomatic Context:

The meeting, attended by Saudi Ambassador Prince Sultan bin Saad, forms part of the Minister's official visit to strengthen economic ties and attract quality investments to the Kingdom's industrial and mining sectors under Vision 2030.