Saudi Arabia, Denmark Explore Investment Opportunities in Industry, Mining
The Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, explored investment opportunities with several Danish companies in the industry and mining sectors during an official visit to Denmark, reported the Saudi Press Agency (SPA).
Through a series of bilateral meetings with CEOs of major companies in industry and mining in Copenhagen, Al-Khorayef discussed joint opportunities, enablers and incentives that Saudi Arabia offers to investors.
The meetings focused on strengthening bilateral industrial and mining cooperation, as well as ways to capitalize on opportunities provided by the National Strategy for Industry across 12 priority sectors which the Kingdom seeks to localize and develop.
Moreover, the meetings discussed opportunities provided by the Comprehensive Mining Strategy, in line with the objectives of Saudi Vision 2030, which aims to advance growth and economic diversity.
During his visit to Denmark, Al-Khorayef met with leaders of companies specialized in pharmaceuticals, food, and mining. These companies included FLSmidth, Danfoss, Novo Holdings, Novonesis, and Arla Foods.
The Saudi Industry Minister also met with senior officials at the Danish Chamber of Commerce, with the presence of top officials from Danish energy giants Vestas and European Energy. During the meeting, Al-Khorayef stressed the Kingdom's commitment to fostering bilateral trade with Denmark and bolstering cooperation in the industry and mining sectors.
Al-Khorayef's visit to Denmark aligns with Saudi Arabia's ongoing efforts to deepen economic partnerships with advanced industrial countries, attract international expertise to accelerate the growth of the Kingdom's industry and mining sectors, and establish its status as a leading industrial powerhouse and a global hub for mining.
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