The Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, recently visited the Federal Republic of Switzerland to strengthen trade relations between the Kingdom of Saudi Arabia (KSA) and Switzerland in the industrial and mining sectors. During his visit, he met with a number of Swiss company officials to explore opportunities for cooperation and investment.

The Minister of Industry held a meeting with the Chief Investment Officer of K-CAP Holdings and a meeting with the Chief Operating Officer of OC Oerlikon, the CEO of Glencore, and the Director of the Swiss Association of Mechanical and Electrical Engineering Industries. The meetings focused on discussing potential areas for collaboration between the two countries in the industry and mining sectors.

In addition, he visited the headquarters of the Swiss Nestle company and the executives of the PIECH company, where he discussed opportunities to enhance cooperation in transferring knowledge and localizing the industry. He also visited the research center of the multinational ABB Group.

The discussions during the bilateral meetings and field visits centered on attracting quality investments in targeted sectors to achieve the goals of the National Industry Strategy and the Kingdom's Vision 2030, and to review the promising opportunities offered by the industrial and mining sectors in the Kingdom.

They also reviewed the promising opportunities offered by the industrial and mining sectors in the KSA and the incentives and services provided by the industry and mineral ecosystem to its partners in the private sector and foreign investors.

Al-Khorayef's visit to Switzerland aimed to advance growth paths between Saudi Arabia and Switzerland in promising industries and increase the penetration of Saudi non-oil exports to European markets. The visit also discussed attracting qualitative investment opportunities in the industrial and mining sectors.

Source: Saudi Press Agency