Riyadh: Minister of Industry and Mineral Resources Bandar Alkhorayef met today in Riyadh with Malaysian Minister of Investment, Trade, and Industry Tengku Datuk. The two ministers discussed ways to strengthen bilateral economic relations and develop cooperation in the industrial sector, in addition to encouraging mutual investments.

According to Saudi Press Agency, the discussions covered the goals of Saudi Vision 2030 aimed at diversifying the national economy, as well as an overview of the National Industrial Strategy and its role in boosting the Kingdom’s manufacturing capabilities, enhancing local content, and advancing priority industrial sectors targeted for localization and development.

The meeting highlighted the Kingdom’s strategic advantages that position it as a globally attractive investment destination. These include its geographic location connecting three continents, abundant natural resources, streamlined government procedures, competitive energy prices, and advanced infrastructure.

Additionally, the ministers explored opportunities to grow joint investments between Saudi Arabia and Malaysia. They examined the enablers and incentives available to facilitate the investor journey, as well as the high-value investment opportunities offered in the Kingdom.