Investors not in Saudi Arabia missing golden opportunity: Alkhorayef

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Minister of Industry and Mineral Resources Bandar Alkhorayef said that investors not investing in Saudi Arabia are missing a golden opportunity, primarily multinational companies that seek to export products to global markets.

In an interview with Asharq News, he noted that the Saudi market is large and promising, allowing producers to reach global markets by offering many advantages, such as financing, industrial lands, energy, and logistics services.

The minister said that all government agencies are working diligently to streamline the investor’s journey, highlighting the Kingdom’s strong competitiveness and the profitability of its industrial sectors, such as mining, energy, logistics, technical services, and infrastructure.

Through the Localization of Industry & Knowledge Transfer (LIKT) program, Saudi Arabia aims to attract companies with emerging technologies by offering several benefits, including advance purchase contracts with other parties, the minister stated.

Alkhorayef stated that the Kingdom is focused on building a strong foundation to attract investments, drawing interest from global investors.