Latest news with #BandarAlKhorayef
Bloomberg
20-05-2025
- Business
- Bloomberg
KSA, Agility & Vingroup on Thriving in Tumultuous Times
H.E. Bandar Ibrahim Abdullah Al Khorayef, Minister of Industry & Mineral Resources, KSA; Henadi Al-Saleh, Chairperson, Agility and Le Thi Thu Thuy, Vice Chairwoman, Vingroup, discuss navigating the challenges and opportunities of doing global business in an era of economic and geopolitical uncertainty with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
Zawya
21-04-2025
- Business
- Zawya
Saudi minister concludes Indonesia visit with new partnerships in mining and industrial sectors
JAKARTA — Minister of Industry and Mineral Resources Bandar Al Khorayef has concluded an official visit to Indonesia aimed at advancing bilateral trade and fostering deeper cooperation across the mining and industrial sectors. The visit included a series of high-level meetings with senior Indonesian officials, notably Agus Gumiwang Kartasasmita, Minister of Industry; Bahlil Lahadalia, Minister of Energy and Mineral Resources; Rosan Perkasa Roeslani, Minister of Investment and Downstream Industry; Erick Thohir, Minister of State-Owned Enterprises; Hashim S. Djojohadikusumo, Special Envoy for Climate and Energy Transition; and Sukatmo Padmosukarso, Executive Director of Indonesian Exim Bank. Discussions focused on expanding trade and investment opportunities, accelerating downstream industrial development, and leveraging expertise in mining and manufacturing to support economic diversification in both nations. Al Khorayef also met with leading Indonesian business figures and corporations, including pharmaceutical producer BioPharma, food and beverage giants Mayora Indah and Indofood Sukses Makmur, and mining leaders such as Mining Industry Indonesia (MIND ID) and PT Vale Indonesia. These engagements explored joint ventures, technology transfer, and knowledge-sharing opportunities. The Saudi delegation visited major industrial and research institutions, including MIND ID and PT Vale headquarters, the National Research and Innovation Agency (BRIN), and Pusat Industri Digital Indonesia 4.0. Al Khorayef chaired a workshop for mining investors and a roundtable with private sector leaders focused on industrial partnerships. Key outcomes of the visit included the signing of a Memorandum of Understanding (MoU) between Saudi Arabia and Indonesia to strengthen collaboration in critical minerals development and processing—particularly nickel, cobalt, and copper. A second MoU was signed between Saudi EXIM Bank and its Indonesian counterpart to boost trade and exports in the industrial and mining sectors. Both countries are pursuing ambitious transformation agendas. Indonesia, Southeast Asia's largest economy, ranked 12th globally in Manufacturing Value Added (MVA) in 2023, reaching $255 billion. Saudi Arabia, ranked as the world's second-fastest-growing economy by the IMF in 2025, continues to advance its Vision 2030 goals, with major emphasis on industrial expansion and mineral exploitation—estimated at $2.5 trillion in untapped resources. Bilateral trade between the two countries remains strong, with non-oil trade reaching $3.18 billion in 2023. The two nations have signed agreements in renewable energy, infrastructure, halal production, and youth development, and continue to align strategically in developing clean energy supply chains and industrial resilience.
Saudi Gazette
18-04-2025
- Business
- Saudi Gazette
Saudi minister concludes Indonesia visit with new partnerships in mining and industrial sectors
Saudi Gazette report JAKARTA — Minister of Industry and Mineral Resources Bandar Al Khorayef has concluded an official visit to Indonesia aimed at advancing bilateral trade and fostering deeper cooperation across the mining and industrial sectors. The visit included a series of high-level meetings with senior Indonesian officials, notably Agus Gumiwang Kartasasmita, Minister of Industry; Bahlil Lahadalia, Minister of Energy and Mineral Resources; Rosan Perkasa Roeslani, Minister of Investment and Downstream Industry; Erick Thohir, Minister of State-Owned Enterprises; Hashim S. Djojohadikusumo, Special Envoy for Climate and Energy Transition; and Sukatmo Padmosukarso, Executive Director of Indonesian Exim Bank. Discussions focused on expanding trade and investment opportunities, accelerating downstream industrial development, and leveraging expertise in mining and manufacturing to support economic diversification in both nations. Al Khorayef also met with leading Indonesian business figures and corporations, including pharmaceutical producer BioPharma, food and beverage giants Mayora Indah and Indofood Sukses Makmur, and mining leaders such as Mining Industry Indonesia (MIND ID) and PT Vale Indonesia. These engagements explored joint ventures, technology transfer, and knowledge-sharing opportunities. The Saudi delegation visited major industrial and research institutions, including MIND ID and PT Vale headquarters, the National Research and Innovation Agency (BRIN), and Pusat Industri Digital Indonesia 4.0. Al Khorayef chaired a workshop for mining investors and a roundtable with private sector leaders focused on industrial partnerships. Key outcomes of the visit included the signing of a Memorandum of Understanding (MoU) between Saudi Arabia and Indonesia to strengthen collaboration in critical minerals development and processing—particularly nickel, cobalt, and copper. A second MoU was signed between Saudi EXIM Bank and its Indonesian counterpart to boost trade and exports in the industrial and mining sectors. Both countries are pursuing ambitious transformation agendas. Indonesia, Southeast Asia's largest economy, ranked 12th globally in Manufacturing Value Added (MVA) in 2023, reaching $255 billion. Saudi Arabia, ranked as the world's second-fastest-growing economy by the IMF in 2025, continues to advance its Vision 2030 goals, with major emphasis on industrial expansion and mineral exploitation—estimated at $2.5 trillion in untapped resources. Bilateral trade between the two countries remains strong, with non-oil trade reaching $3.18 billion in 2023. The two nations have signed agreements in renewable energy, infrastructure, halal production, and youth development, and continue to align strategically in developing clean energy supply chains and industrial resilience.
Saudi Gazette
16-04-2025
- Business
- Saudi Gazette
Saudi Arabia, Indonesia strengthen industrial and mining ties with high-level meetings and MoU signing
JAKARTA — Saudi Minister of Industry and Mineral Resources, Bandar AlKhorayef, concluded a high-level visit to Jakarta with a series of meetings aimed at bolstering bilateral cooperation in the industrial and mining sectors. During his visit, AlKhorayef met with Indonesia's Minister of State-Owned Enterprises, Erick Thohir, to explore avenues for joint investment, industrial integration, and collaboration in strategic sectors including petrochemicals, mining, and automotive manufacturing. AlKhorayef emphasized the Kingdom's commitment to fostering a competitive and investor-friendly environment, underpinned by Saudi Arabia's National Industrial Strategy. Thohir echoed the importance of deepening ties between the two nations and extended his congratulations to Saudi Arabia on its successful bid to host the 2034 FIFA World Cup, affirming Indonesia's support for the historic event. AlKhorayef also held talks with Sukatmo Padmosukarso, Executive Director of Exim Bank Indonesia, alongside Eng. Saad Alkhalb, CEO of Saudi EXIM Bank, and Saudi Ambassador Faisal Alamudi. The meeting culminated in the signing of a Memorandum of Understanding between the two banks, aiming to enhance trade financing and boost joint investment opportunities in industry and mining. Indonesia, Southeast Asia's largest economy, ranked 12th globally in Manufacturing Value Added (MVA) with $255 billion in 2023, while Saudi Arabia's MVA is projected to reach $87.1 billion by 2025. Both nations see industrial and mining development as central pillars of economic diversification and transformation. — SG
