Industry Minister: Saudi Arabia's Participation In Davos 2025 Reflects Its Leadership In Global Industrial And Mining Transformation

Industry Minister: Saudi Arabia's Participation in Davos 2025 Reflects Its Leadership in Global Industrial and Mining Transformation

Riyadh, January (پاکستان پوائنٹ نیوز ‎‎‎ 20 كانون الثاني 2025ء) In a statement to the Saudi Press Agency (SPA), he indicated that sustainability is one of the main pillars of Saudi Vision 2030, and the Kingdom is working to achieve it through key initiatives such as "Saudi Green" and "middle East Green."

He noted that these initiatives aim to address environmental challenges, reduce carbon emissions, and enhance afforestation, reflecting its commitment to achieving carbon neutrality and fostering comprehensive and sustainable development.

"The Kingdom is building its industrial and mining transformation strategy on three main pillars. The first is enhancing strategic partnerships with the private sector and international institutions to develop innovative and sustainable solutions. The second is investing in digital transformation through Fourth Industrial Revolution technologies such as artificial intelligence, the internet of Things, and 3D printing to improve production efficiency, reduce emissions, and create new economic opportunities. The third is developing human capital by qualifying national competencies to lead economic and social transformations and achieve sustainable development goals," the minister said.

Alkhorayef also pointed out that the Kingdom is developing a regulatory and legislative environment that attracts local and foreign investments, especially in the mining sector, a key pillar for diversifying income sources and boosting economic growth.

He highlighted the Kingdom's focus on developing critical mineral industries used in future technologies, such as electric vehicle batteries and renewable energy, which enhances its position as a global hub for these strategic industries.

He also affirmed that the Kingdom aims to achieve a balance between economic growth and environmental protection through these efforts, contributing to the stability of the global economy and laying the foundations for a more inclusive and sustainable future.

Additionally, he noted that Saudi Arabia's participation in Davos 2025 represents an opportunity to strengthen international partnerships and exchange expertise with countries worldwide, supporting efforts to find innovative solutions to common challenges and solidifying the Kingdom's role as a key player in shaping future transformations.