Saudi ministry showcases latest innovations at Hannover Messe
HANNOVER, 1 days ago
The ministry is taking part at the event as part of the big Saudi Industry and Mineral Resources
pavilion which has other key entities including the Saudi Industrial Development Fund (SIDF), the Saudi Export Development Authority, the Saudi Authority for Industrial Cities and Technology Zones (Modon), and the National Industrial Development Center.
The pavilion showcases key enablers in the industrial sector, along with targeted incentive schemes designed to support its growth and boost investment appeal.
It highlights the kingdom’s competitive advantages in the sector, including advanced infrastructure and a network of 36 industrial cities across various regions, reflecting efforts to localize knowledge and empower the private sector.
Saudi Arabia’s participation reflects its ambitious vision for industrial transformation and underscores its ongoing commitment to technological innovation and sustainable development, said senior officials at the event.
The ministry officials are meeting potential global investors at the event to highlight the wide range of investment and collaboration opportunities in the industrial and mining sectors.
"The initiative seeks to establish strategic and fruitful partnerships to help realize Saudi Arabia’s industrial aspirations. It will also facilitate high-impact agreements to attract foreign investments and strengthen the national economy in alignment with the Kingdom’s Vision 2030 targets," they stated.
The kingdom highlights its pioneering role in driving global industrial change through the National Industrial Strategy, which stems from Saudi Vision 2030 and aims to achieve national objectives related to economic diversification and enhancing the industrial sector's contribution to gross domestic product (GDP), they added.-TradeArabia News Service
