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Saudi Cabinet approves several decisions
Saudi Cabinet approves several decisions

Argaam

time01-07-2025

  • Business
  • Argaam

Saudi Cabinet approves several decisions

The Saudi Cabinet, in a meeting chaired by Crown Prince Mohammed bin Salman, approved several decisions today, July 1. The Minister of Industry and Mineral Resources — or whomever he delegates — was approved to complete the necessary procedures for the Kingdom to join the Integrated Industrial Partnership for Sustainable Economic Development. In addition, the National High Committee for Investment at the Council of Economic and Development Affairs was rebranded as "The National Committee for Investment at the Council of Economic and Development Affairs." The Cabinet also greenlit a mechanism for registering and matching biometric data of individuals arriving in and departing from the Kingdom via cruise ships. Furthermore, the Ministry of Education was approved as the technical supervisory body — in light of the Law of Associations and Non-Profit Institutions — over the Saudi Arabian Boy Scouts Association.

Qatar's undersecretary advocates for robust industrial alliances at Abu Dhabi event
Qatar's undersecretary advocates for robust industrial alliances at Abu Dhabi event

Qatar Tribune

time20-05-2025

  • Business
  • Qatar Tribune

Qatar's undersecretary advocates for robust industrial alliances at Abu Dhabi event

QNA Doha Mohammed bin Hassan Al-Malki, Undersecretary of the Ministry of Commerce and Industry, took part in the 'Make it in the Emirates' Forum, held in Abu Dhabi on 19-22 May 2025. During the forum, he highlighted the State of Qatar's efforts to foster partnerships and advance sustainable industrial integration regionwide. Speaking at a panel discussion titled 'Integrating Transnational Supply Chains: International Industrial Alliances and Partnerships,' Al-Malki emphasised that Qatar's national manufacturing strategy 2024-2030 aligns closely with the UAE's vision of enhancing regional industrial cooperation. He commended the rollout of the 'Industrial Partnership for Sustainable Economic Development' from Abu Dhabi in 2022, considering it a pivotal platform for advancing collaborative industrial growth and regional economic integration. The Industrial Partnership initially brought together the UAE, Jordan, Egypt, Bahrain, and Morocco. It has since expanded to include Qatar and Turkey as of early 2025, creating a cooperative framework to foster industrial integration among member states and support the development of a resilient, innovation-driven, and sustainable economy. He underscored the collective industrial capabilities of the member states as a lever to address global challenges and achieve regional leadership in supply chain management and advanced manufacturing. Al-Malki noted that 'Make it in the Emirates' is more than a platform for showcasing national capacities; but a catalyst for forging strategic industrial partnerships, driving innovation, and building a resilient infrastructure that serves the aspirations of future generations. He highlighted two strategic partnership initiatives, initiated under the Industrial Partnership, that embody the spirit of collaboration between member states: The partnership between Qatar's MedGulf and the UAE's Future Pipe Company for the supply of 28,000 meters of fiberglass piping – scheduled for completion in January 2026. The long-term agreement between Qatar Steel and Bahrain Steel, valued at USD 1.266 billion, to supply five million metric tons of raw materials over five years, aimed to enhance supply chain integration and ensure a seamless industrial production across the region. He also underscored the Qatar National Manufacturing Strategy 2024–2030, which aims to develop a resilient, diverse, and future-ready industrial sector.

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