Saudi govt stimulates investment in industrial sector: official

Osama Al Zamil, deputy minister of industry and mineral resources, said the ministry is seeking to stimulate investment in the industrial sector and help factories provide high-quality products to export them. 

The ministry mainly focuses on making the industrial sector the first choice for investors and an enabler of domestic factories, the Saudi Press Agency reported, citing Al Zamil. 

He added that the national industrial sector has all the potentials that enable it to develop an integrated industrial system in the future. 

The ministry aims to address the challenges facing the industrial sector and benefit from the comparative advantages of each region to serve investors, Al Zamil said. 

He also pointed out the role of joint stock companies in boosting the regional industrial development, offering alternatives for imports, marketing products overseas and establishing new industries based on comparative advantages and modern technology.