Latest news with #NationalIndustrialDevelopmentCenter
Arab News
15-05-2025
- Business
- Arab News
Riyadh International Industry Week affirms momentum in shaping future through dialogue
RIYADH: Riyadh International Industry Week 2025, which was held from May 12-15 at the International Convention and Exhibition Center, hosted specialized dialogue sessions to address future transformations in the industrial sector. Boasting distinguished speakers and experts, the event explored the future of smart industry and looked at ways to accelerate the shift toward advanced and sustainable manufacturing. The forum on Wednesday focused on the theme 'Industrial Solutions Providers,' with a session highlighting the importance of accelerating investment in the construction and building materials sector. The session was led by Amjad Al-Suwaidan, project manager at Riyadh Exhibitions Company, and included Khalid Al-Hajri, vice president of the National Industrial Development Center, who said that the Kingdom was undergoing a qualitative transformation in its industrial infrastructure, and that investment in knowledge and technology was fundamental to sustaining the transformation. The broad panel session 'From Industry 4.0 to Industry 5.0' discussed the transition from automation and digitization to human-centric manufacturing powered by artificial intelligence and machine learning. The session was moderated by James Morgan, principal consultant at James Morgan Associates, with participation from Sami Sarhan, chief adviser at the National Industrial Development Center, who stressed the nation's direction toward enhancing supply chain resilience and deepening local content. In an advanced case study, King Abdullah University of Science and Technology highlighted its pivotal role in enabling the Fourth Industrial Revolution through research, development, and technology transfer. Abdulrahman Khougair, an expert on the subject, presented on the university's initiatives in supporting emerging industrial experiments. Another key session, called 'The Next Generation of Industrial Digitization and Automation Solutions,' featured Bader Al-Khalifa, country manager at Yokogawa Saudi Arabia, who presented on petrochemical plant automation. Benroy Fernandes, principal solution consultant at Azentio Software, gave a comprehensive presentation on integrating AI technologies into ERP (enterprise resource planning) systems and transforming them into tools for real-time decision-making in industrial environments. A side panel, 'Sustainable Manufacturing and the Future of Industrial Pollution,' featured James Morgan and Mohammed Al-Surf, director of carbon development at Tilad Group, who discussed the need to adopt low-emission production technologies and keep pace with global environmental regulations and clean development policies. The sessions concluded with the panel 'Smart Logistics and Integrated Supply Chains,' which addressed the significant transformations in the logistics and transportation sector amid the Fourth Industrial Revolution. Discussions focused on the increasing use of AI, predictive analytics, and automated systems in supply chain management. Dr. Joseph Wang, executive vice president at BlueSword Intelligent Technology, presented the leading models for building AI-powered distribution centers. The industry week also featured a series of specialized workshops covering key strategic topics such as the Industrial Competitiveness Program, Future Factories, and industrial linkages. These workshops aimed to expand knowledge, stimulate investment, and support the adoption of digital solutions aligned with the goals of the National Industrial Strategy. The event, which concluded on Thursday, brought together the pioneers of industry under one roof, and opened the floor for dialogue to help shape a promising industrial future for Saudi Arabia.
Zawya
25-02-2025
- Business
- Zawya
Saudi Arabia issues new industrial licenses for aircraft maintenance and repair
RIYADH — The Ministry of Industry and Mineral Resources has announced the issuance of new industrial licenses for aircraft maintenance, repair, and overhaul (MRO) services in Saudi Arabia. The announcement was made during the first edition of the Aerospace Connect Forum, held in Jeddah under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum was organized by the National Industrial Development Center (NIDC). The ministry stated that the newly introduced industrial licenses, launched in collaboration with the General Authority of Civil Aviation (GACA) and the General Authority for Military Industries (GAMI), cover various activities, including aircraft and drone maintenance and repair, navigational and electronic systems servicing, and comprehensive aircraft overhaul operations. According to the ministry, these new licenses will allow investors to benefit from the advantages of industrial licensing, access government incentives and capabilities, and contribute to the development and localization of the Kingdom's aviation industry — a key sector targeted in the National Industrial Strategy. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Asharq Al-Awsat
24-02-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Issues New Industrial Licenses for Aircraft Maintenance and Repair
The Saudi Ministry of Industry and Mineral Resources announced the issuance of new industrial licenses for aircraft maintenance, repair, and overhaul (MRO) services in the Kingdom. The announcement was made during the first edition of the Aerospace Connect Forum, held in Jeddah under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef and organized by the National Industrial Development Center (NIDC). The newly introduced industrial licenses, launched in collaboration with the General Authority of Civil Aviation and the General Authority for Military Industries, cover various activities, including aircraft and drone maintenance and repair, navigational and electronic systems servicing, and comprehensive aircraft overhaul operations, said the ministry. The new licenses will allow investors to benefit from the advantages of industrial licensing, access government incentives and capabilities, and contribute to the development and localization of the Kingdom's aviation industry—a key sector targeted in the National Industrial Strategy.
Asharq Al-Awsat
05-02-2025
- Business
- Asharq Al-Awsat
Industry Minister: Saudi Arabia Seeks to Boost Partnership with India in Strategic Industries
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef stressed on Tuesday Saudi Arabia's commitment to boosting its strategic partnership with India across key economic sectors, particularly industry and mining. The minister made his remarks while chairing a roundtable meeting with leaders from India's private sector in New Delhi. Alkhorayef said the Kingdom is taking serious steps to boost collaboration in vital industries, including automotive, medical industries, biotechnology, chemicals, petrochemicals, machinery and renewable energy. The meeting was attended by Local Content and Government Procurement Authority Chief Executive Abdulrahman Al-Samari, National Industrial Development Center Chief Executive Eng. Saleh Al-Solami, and Saudi-Indian Business Council Chairman Abdulaziz Al-Qahtani. During his address to leading Indian business executives, Alkhorayef stated that the Saudi Vision 2030, which drives the Kingdom's economic diversification, sees India as an ideal partner due to its rich history, knowledge, and expertise. Saudi Arabia's manufacturing and mining sectors present significant opportunities for collaboration between the two nations, he added. The minister pointed to the potential for strong investment partnerships in the automotive sector, as Saudi Arabia is the largest importer of vehicles in the Middle East. The Kingdom aims to localize car manufacturing, spare parts and supply chains, leveraging global expertise in automotive production, he went on to say. As one of the world's largest petrochemical producers, he said that Saudi Arabia is committed to maximizing the domestic utilization of petrochemicals to create added value within the national economy. Saudi Arabia sees a major opportunity for cooperation in machinery and equipment manufacturing, given India's advanced capabilities in this field, Alkhorayef stressed, highlighting that Saudi Arabia is undergoing a major transformation in mining and aspires to become a key player in the global metals market, increasing the demand for heavy equipment. The minister detailed several initiatives to attract industrial investments, including the "Factories of the Future" program, which promotes advanced manufacturing technologies; low-cost land leasing for industrial projects; financial support from the Saudi Industrial Development Fund, which offers loans covering up to 75% of project costs with flexible repayment terms; export support through the Saudi Export Development Authority; competitive energy prices and improved industrial infrastructure; and training programs for local employees and talent attraction initiatives. Alkhorayef underscored the Kingdom's strong focus on local content development, localizing strategic industries and integrating supply chains. He stressed that achieving the goals of the Saudi National Industry Strategy requires activating public-private sector partnerships by enabling the latter to utilize opportunities provided by the strategy. The minister called on Indian companies to explore and benefit from the unique investment opportunities available in the Kingdom. Alkhorayef later met with Indian Minister of Coal and Mines G. Kishan Reddy to discuss advancing Saudi-Indian cooperation in the mining and minerals sector. The talks centered on exploring horizons of a strategic partnership and joint initiatives in mining, as well as mutual opportunities for prospecting critical minerals. Alkhorayef discussed means of exchanging knowledge and expertise in sustainable mining practices, as well as smart solutions for mining operations and mine management. Additionally, the meeting addressed the enhancement of collaboration in developing human resources for the mining sector, facilitating the transfer of technology and innovation between the two countries, and leveraging advanced Indian solutions in mineral exploration. Participants discussed fostering joint efforts in geological survey programs. The ministers emphasized the importance of collaboration among universities, scientific research institutions, and specialized companies in both nations to develop new technologies aimed at improving the efficiency of mining operations and achieving environmental sustainability. Attending the meeting were Local Content and Government Procurement Authority (LCGPA) Chief Executive Abdulrahman Al Samari; Industrial Center Chief Executive Saleh Al Solami; and Saudi embassy Chargé d'Affaires Jadi bin Naif Alraqaas.
