- Saudi Minister explores advanced manufacturing and marine investments at FII9 Conference.
- Talks highlight industrial collaboration, Vision 2030 goals, and investor incentives.
- National Industrial Development Center signs marine partnership deal with Fincantieri.
Bandar Alkhorayef, the Minister of Industry and Mineral Resources in Saudi Arabia, conducted bilateral discussions with executives from various international firms focused on advanced manufacturing technologies and marine industries.
According to a report by the Saudi Press Agency, they discussed potential investment prospects in these areas and the support offered by the Kingdom to ease the process for investors. The meetings took place alongside the ninth edition of the Future Investment Initiative (FII9) Conference in Riyadh.
Talks centered on enhancing collaborative efforts in the industrial field, assessing the goals of the National Industrial Strategy, and emphasizing the investment prospects it provides in advanced manufacturing along with ship design, construction, maintenance, and the transfer of cutting-edge technologies to the Kingdom.
Also Read: Australia Targets A$20B Investments in Southeast Asia
The meetings also outlined the supports and incentives available within the industrial ecosystem to encourage specialized industrial investments and empower investors, aligning with the goals of Saudi Vision 2030.
The firms that Minister Alkhorayef met with included Taiwan’s GIGABYTE Group, a frontrunner in computing and AI systems; Giga Computing Technology, focused on data centers; Italy’s Fincantieri, a top company in ship design and building; Italy’s D-Orbit, involved in the satellite sector; and the U.S.-based tech firm Intel Corporation.
Additionally, the minister observed the signing of a collaboration agreement between the National Industrial Development Center and Fincantieri, intended to enhance partnerships in the marine industries sector.