Minister of Industry launches Saudi Advanced Manufacturing Hub

Logo of Ministry of Industry and Mineral Resources

Bandar Alkhorayef, Minister of Industry and Mineral Resources, launched the Saudi Advanced Manufacturing Hub (Saudi AMHUB) strategy, in partnership with the World Economic Forum.

The platform aims at boosting the local industrial sector, through collaboration with the Global Network of Advanced Manufacturing Hubs, Alkhorayef added.

On the other hand, Ibrahim Al-Mojel, CEO of the Saudi Industrial Development Fund (SIDF), said the platform adopts advanced manufacturing strategy. It also strengthens ties between investors and global providers of advanced technologies and enables the local industrial sector to use such advanced technologies.

The platform works on three approaches. First, access talent and its development, led by KFUPM; second, support small and medium-sized enterprises (SMEs), led by Obeikan Investment Group; third, enable technology transfer and innovations, led by SABIC.