Autumn at the UNIDO meeting: Saudi Arabia is leading the industrial transformation globally
Renew Minister of Industry and Mineral Resources, Bandar Al-Khorayef, emphasized the position of the Kingdom of Saudi Arabia as one of the main drivers of industrial transformation globally.
This came during the meetings of the General Conference of the United Nations Industrial Development Organization (UNIDO) in Riyadh, while the Minister delivered the keynote speech and participated in a number of high-level sessions affiliated with the organization.
In his opening speech to"Investment and Partnerships Day" Which you organize "UNIDO" In partnership with Ministry of Industry and Mineral Resources. The Minister welcomed the participating international delegations.
Attracting Investments
Al-Khorayef said: Riyadh has become a global forum for ideas, innovation and opportunities, noting that the Kingdom’s hosting of the UNIDO General Conference embodies its growing role as a pivotal platform for attracting investments, supporting industrial development, and promoting sustainable economic growth.
The Minister reviewed the features of the unprecedented industrial transformation that the Kingdom is witnessing within the framework of the objectives of the Saudi vision. 2030.
Attracting international companies
He explained that Saudi Arabia has issued thousands of new industrial licenses, attracted major international companies, and worked to expand areas of advanced industries such as renewable energy, smart manufacturing, and critical minerals.
He pointed out that these transformations outline the features of a new industrial landscape based on innovation, developing human competencies, and deepening international cooperation.
He added: "Our ambition is clear; To be one of the most attractive destinations for industrial and investment partnerships worldwide, ensuring that the impact of each development partnership is reflected positively and fairly across borders."
The Minister stressed the strength of the strategic partnership between Saudi Arabia and UNIDO, describing it as "Converging visions and goals"
He said: "UNIDO was a key partner in this journey; Its mission to promote comprehensive and sustainable industrial development reflects our national priorities".
He pointed out that both the Kingdom and"UNIDO" They deal with industry as a path to economic diversification, enhancing flexibility, expanding horizons of social opportunities, and supporting environmental responsibility.
Empowering women and youth
The empowerment of women and youth in the Saudi industrial system received an important part of the minister’s speech. He pointed to the rapid increase in women’s participation in the labor market, while today they constitute more than a third of the national workforce, with their increasing presence in leadership positions within factories, industrial cities, and manufacturing centers.
He said: "When women flourish, industries innovate and societies flourish". He also highlighted the pivotal role of Saudi youth in leading qualitative initiatives such as: "Made in Saudi Arabia"and"International Mining Conference"and"National strategy for industry"
He pointed out that the future of the industry will belong to those who have the ability to adapt, imagine and cooperate, and our youth today are the ones who are actually creating this future.
Al Khareef stressed that technology and sustainability represent two basic pillars of the future of industry in the Kingdom, pointing to the continued investments in the fields of artificial intelligence, automation, and digital manufacturing, in addition to the Kingdom’s adoption of the circular carbon economy model.
He said: "Technology and sustainability are not two parallel or opposing paths, but rather two complementary tools for building a productive, low-emission industrial base that is prepared for the requirements of the future."
Following the keynote speech, a number of ministers participated in a dialogue session organized by UNIDO entitled "Reshaping global value chains: investment paths for a new business era"
Global trade disruptions
During the session, the ministers discussed strategies for dealing with global trade disruptions, the role of artificial intelligence in enhancing the resilience of industrial sectors, and the importance of modernizing trade policies to support youth, women, and small and medium enterprises.
The session touched on lessons learned from the Gulf experience, including the importance of early industrial investment, developing the logistical infrastructure, and enhancing cross-border integration in value chains.
The minister concluded by stressing the Kingdom’s commitment to continuing cooperation with UNIDO and its partners. International.
Autumn said: "This conference is not just a space for exchanging opinions, but rather a call to action. Together we can build a more prosperous, inclusive and sustainable industrial future that benefits people and economies around the world".
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