SAUDI ARABIA

Al-Khorayef sheds light on incentives offered to investors in industrial sector

May 19, 2022

RIYADH — Minister of Industry and Mineral Resources Bandar Al-Khorayef has inaugurated a workshop to shed light on services and incentives offered by the industrial and mineral resources system and its partners, in the presence of Deputy Minister of Industry and Mineral Resources Eng. Osamah Al-Zamel and several Korean and local investors.

The workshop discussed several steps, enablers and promising opportunities that are provided by the industrial sector in the Kingdom and the roles of institutions of the industrial system and government institutions participating in serving investors, in addition to explaining several advantages and incentives that various institutions of the system offer to empower industrial investors and enrich their experiences.

The workshop also reviewed the targets of the National Industrial Development and Logistics Program (NIDLP) that aims at changing the Kingdom into an industrial power and a logistic hub through increasing the added value for the mining and energy sectors and empowering the local content and fourth industrial revolution.

The workshop also included a proposal to establish the Saudi-Korean industrial village project in Yanbu Industrial City so as to support the ”Made in Saudi Program” and realize its strategic goals according to the plans of the Saudi Vision 2030. — SPA


May 19, 2022
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