Money and business

“Fall”: Saudi Arabia leads an industrial transformation through early leadership in future technologies


He said The Minister of Industry and metal wealth, Bandar Al -Khar, that Saudi Arabia leads a qualitative and comprehensive industrial transformation, aimed at reshaping the structure Economy National, establishing an advanced location for the Kingdom in the advanced technology sectors, through an early adoption of future technologies and enhancing its productive capabilities in global value chains. "Technological leadership: industrial boom"Within the main strategic session of the Innoprom 2025 exhibition, which is hosted by the city Yakatrinburg Russian. For the industry, which was launched in 2022, it represents the executive framework for the Kingdom’s industrial vision, and is based on three integrated axes targeting major industrial groups, and the first axis includes industries related to national security, such as food, medicine, water and military industries, which are basic sectors that the Kingdom seeks to settle through effective partnerships. It is based on the relative advantages of Saudi Arabia, whether in terms of abundance of natural resources such as oil, gas and minerals, or through its pivotal geographical location, which makes it a global logistical center, such as advanced petrochemical industries, mining, and value -added manufacturing industries. Its position in the early stages of technological adoption, through clear motivational policies, including support for research and development, the applications of the Fourth Industrial Revolution, and the 3D artificial intelligence, in addition to the policies supporting such as local content policies, which give priority to the local product and enhance dependence on national capabilities. In the mining sector, which is one of the new sectors adopted by the Kingdom’s 2030 vision, noting that it is working according to three tracks, the first of which is the increase in geological exploration, which raised the value of the estimated inventory of minerals in Saudi Arabia from 1.3 to 2.5 trillion dollars, including strategic metals such as phosphate and copper, while maintaining the social and environmental dimension in mining areas. It is to enhance international partnerships across "International Mining Conference" It is hosted by Riyadh annually, which has turned into a global platform that discusses the challenges related to providing biological raw materials for transformation in the energy sector, and enhancing coordination between governments, the private sector, educational and research institutions; To raise the efficiency and sustainability of the mining sector, expressing in this regard his thanks for the contribution of the Russian government in the work of the International Mining Conference. Digital transformation and technical leadership. $ 3.28 billion in 2024.

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