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  • 18-01-23

    Alkhorayef believes Saudi Arabia can become worldwide center with Vision 2030

    (MENAFN) Strategies under Saudi Arabia’s Vision 2030 plan to make the nation a center for worldwide production, which is going to change its industrial base, are currently under work, the Saudi industry and minerals minister stated on Tuesday.

    While giving a speech at the World Economic Forum in Davos, Bandar Alkhorayef stated that “We will see more complexity, more advanced products.”

    He continued: “We will be able to utilize the natural resources that we have, be it oil and gas or minerals, for more advanced productivity, which will add value to the country.”

    Alkhorayef asserted that disruption witnessed during the last few years, such as the COVID-19 epidemic and the conflict in Ukraine, adds obstacles but also prospects for nations like Saudi Arabia.

    The official asserted that “With our great location, access to different markets (and natural resources), as well as our most important asset — our people and our talent — we can be a serious player in attracting investments in manufacturing,”.

    Adding, “We are betting on technology. We believe that technology will allow us to leapfrog into the future, so advanced manufacturing is key. Artificial intelligence, 3D printing and so on will allow us to create the right jobs for the future, the jobs we want to see for our children and their children.”

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