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Saudi Arabia has unveiled daring plans to reshape its industrial future and speed up world management in superior manufacturing and demanding minerals throughout INNOPROM 2025 in Yekaterinburg, Russia.
Talking at a strategic session titled “Technological Management: Industrial Breakthrough,” Minister of Business and Mineral Sources Bandar Alkhorayef laid out the Kingdom’s imaginative and prescient to turn into a world power in future applied sciences and Business 4.0 innovation.
The announcement comes as Saudi Arabia was honoured as a strategic associate at this 12 months’s INNOPROM exhibition—highlighting its growing worldwide engagement in industrial cooperation and technological development.
Saudi Arabia industrial technique
- A Nationwide Industrial Technique constructed on three pillars:
- Localising essential industries together with meals, prescribed drugs, water, and defence
- Leveraging pure assets reminiscent of oil, gasoline, and minerals for superior petrochemicals and mining
- Pioneering future sectors together with AI, 3D printing, and sensible manufacturing (Business 4.0)
- Robust deal with R&D, native content material growth, and know-how adoption incentives
Alkhorayef introduced that the Kingdom’s mineral wealth is now estimated at $2.5tn, up from $1.3tn, due to in depth geological surveys.
Key assets embody phosphate, copper, iron ore, zinc, and different strategic minerals important for the power transition and industrial provide chains.
The Future Minerals Discussion board (FMF)—hosted yearly in Riyadh since 2022—has emerged as a world platform for dialogue on mineral resilience and accountable sourcing, uniting governments, traders, academia, and business consultants throughout the worth chain.
The minister highlighted the alignment between Saudi Imaginative and prescient 2030 and Russia’s financial diversification objectives, pointing to shared priorities in digital transformation, innovation, and non-oil development.
He referenced the institution of the Saudi-Russian Joint Committee in 2002 and the opening of the Saudi Business Attaché workplace in Moscow in 2022 as pivotal steps in deepening bilateral cooperation.
Commerce between Saudi Arabia and Russia has grown from $491m in 2016 to $3.28bn in 2024
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