Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met today with Italian Minister of Enterprises and Made in Italy Adolfo Urso. The two ministers explored ways to enhance industrial collaboration between their countries and attract major Italian companies to invest in strategic industrial sectors within the Kingdom of Saudi Arabia. The CEO of the National Industrial Development Center (NIDC), Eng. Saleh Al-Solami attended the meeting.
The ministers emphasized the mutual benefits of strengthening economic ties between Saudi Arabia and Italy, particularly in the industrial and mining sectors. They praised the robust commercial relations, highlighting the Saudi-Italian partnership as a model for international cooperation and economic integration.
Alkhorayef presented the unique opportunities available in promising sectors outlined in the National Industrial Strategy (NIS) and the incentives and support offered to industrial investors in Saudi Arabia. He encouraged Italian companies to seize th
ese opportunities and expand their investments in the Kingdom.
The ministers also discussed strategies to enhance Saudi exports to Italy and explored how to leverage the services provided by the Saudi Export-Import Bank in this endeavour.
This meeting is part of Alkhorayef’s official visit to Italy. It aims to foster industrial and mining cooperation, explore joint opportunities in critical sectors that align with the NIS, leverage cutting-edge industrial innovation solutions, and attract investments to promising sectors in Saudi Arabia.
Source: Saudi Press Agency