Riyadh, August (پاکستان پوائنٹ نیوز 28 أغسطس 2025ء) According to a press release issued today, the meetings focused on developing resilient supply chains across multiple critical domains, including the sustainable mining and processing of rare earth elements, the manufacturing of automotive components supporting the National Industrial Strategy's target of producing 300,000 vehicles annually by 2030, and the localization of advanced medical devices within a market valued at approximately SAR19 billion. These initiatives are designed to optimize the Kingdom's substantial mineral resources, develop national technical capabilities, and accelerate economic diversification in accordance with the objectives of Saudi Vision 2030.
Participants in these strategic dialogues included Guardian Industries, a global leader in advanced glass and material science solutions; Skytower Global Investments, specializing in large-scale development projects and strategic investments; Abbott Laboratories, a world-renowned innovator in medical devices and healthcare technologies; and ATI Mining and MP Materials, both recognized as industry leaders in critical minerals extraction and advanced processing technologies.
The meetings were attended by the CEO of the National Industrial Development Center, along with senior representatives from both governments and the private sector.
The release added that these high-level meetings reinforce the ministry's ongoing efforts to establish robust economic partnerships, promote advanced technological exchange, and create mutually beneficial investment frameworks between the Kingdom and the United States. The outcomes are expected to contribute substantially to the development of secure, sustainable, and technologically advanced supply chains across multiple industrial sectors, further strengthening the strategic economic relationship between both nations while supporting the long-term objectives of Saudi Arabia's economic transformation agenda.
