Latest news with #NationalIndustrialStrategy
Leaders
18 hours ago
- Business
- Leaders
Vice Minister of Industry Affairs Inaugurates MS Pharma Biologics in Riyadh
Eng. Khalil Ibrahim Ibn Salamah, Vice Minister of Industry Affairs at the Ministry of Industry and Mineral Resources, inaugurated the MS Pharma biologics manufacturing plant on Thursday during an official tour of Riyadh's 3rd Industrial City. The event also included the launch of several key infrastructure projects aimed at bolstering the Kingdom's industrial capabilities and advancing the localization of strategic sectors. The newly opened MS Pharma facility is the first in Saudi Arabia to produce fully formulated biologic drugs. Covering 3,000 square meters, the plant focuses on the production of treatments for autoimmune diseases, eye disorders, and osteoporosis. The initiative supports the objectives of the National Industrial Strategy by strengthening domestic pharmaceutical manufacturing. During the visit, Eng. Ibn Salamah also inaugurated the 'Montijoon 4' project by Masic Logistics. Spanning 150,000 square meters, the project will offer 156 ready-built factories designed to support SMEs and entrepreneurial industrial initiatives. This tour reflects the ministry's ongoing efforts to foster sustainable industrial growth, promote the localization of high-potential industries, upgrade infrastructure in industrial zones, and deliver integrated support services for innovative manufacturing ventures across Saudi Arabia. Related Topics : Saudi Arabia Showcases Latest Industrial Innovations at Hannover Messe 2025 Saudi Arabia to Spotlight Industrial Innovation at Hannover Messe 2025 Industrial Transformation Saudi Arabia 2025 to Kick Off in December IsDB Group Commemorates Golden Jubilee Celebration Short link : Post Views: 21 Related Stories
Arab News
3 days ago
- Business
- Arab News
Saudi Arabia launches advanced manufacturing center to boost industrial innovation
JEDDAH: Saudi Arabia has launched the Advanced Manufacturing and Production Center, a key initiative aimed at accelerating the Kingdom's industrial transformation through the adoption of advanced technologies and sustainable practices. Unveiled on May 28, the center is set to play a central role in promoting efficiency, flexibility, and growth within the manufacturing sector. It will utilize technologies associated with the Fourth Industrial Revolution to localize production and enhance Saudi Arabia's competitiveness on the global stage. The initiative also supports strategic industries while aligning with the objectives of Saudi Vision 2030, the country's long-term plan to diversify its economy. A major focus is encouraging private sector collaboration to speed up the integration of emerging technologies into industrial operations. The launch supports the National Industrial Strategy, introduced in October 2022, which aims to increase the number of factories in the Kingdom to approximately 36,000 by 2035. The strategy is designed to attract investment, scale up local production, and strengthen non-oil exports. The Ministry of Industry and Mineral Resources is overseeing several projects to advance the Kingdom's industrial and logistical infrastructure, positioning Saudi Arabia as a key player in global manufacturing and trade. 'Adopting the latest industrial technologies raises the efficiency of our industrial sector and enhances its competitiveness regionally and globally,' said Khalil bin Ibrahim bin Salamah, deputy minister of industry and mineral resources for industrial affairs, in a post shared by the ministry on X. In an accompanying video, the ministry reiterated the center's significance in meeting national goals: 'The Advanced Manufacturing and Production Center opens doors to industrial investment opportunities and stimulates the sector to adopt new manufacturing technologies within industrial facilities.' The center is supported by several initiatives and programs, including the Future Factories Program, which aims to modernize 4,000 factories across the Kingdom. The FFP focuses on integrating advanced manufacturing systems to boost efficiency and build more resilient supply chains—particularly in critical sectors such as food and petrochemicals. According to its official website, the center serves as a hub for industrial innovation, providing consultancy services, training, and technological solutions. It is dedicated to fostering sustainability and competitiveness across the manufacturing sector. Through these efforts, the center is expected to significantly contribute to Saudi Arabia's Vision 2030 goals by localizing high-tech capabilities, attracting investment, and advancing the industrial sector's role in the nation's economic diversification.
Sharjah 24
20-05-2025
- Business
- Sharjah 24
SEDD participates in 'Make it in the Emirates' forum in Abu Dhabi
Showcasing Sharjah's investment environment SEDD's participation is focused on showcasing Sharjah's attractive investment environment, along with initiatives that support national industries and emerging companies. This aligns with the emirate's strategy to enhance competitiveness and attract high-quality investments. Strong investor engagement at the forum Sharjah's platform at the forum drew strong interest from investors, businessmen, and manufacturers. SEDD highlighted key investment opportunities in vital industrial sectors, while also presenting streamlined procedures for business registration and licensing. The department also showcased financial and technical support programs available to both SMEs and large corporations. Participation in strategic dialogues SEDD's delegation took part in dialogue sessions and panel discussions on the future of industry in the UAE. Discussions also explored the role of special economic zones in driving industrial transformation and strengthening local supply chains. Commitment to UAE's Industrial Vision 2030 Hamad Ali Abdulla Al Mahmoud, Chairman of SEDD, emphasised that Sharjah's participation reaffirms its commitment to UAE's Industrial Vision 2030. He highlighted Sharjah's strong industrial infrastructure, flexible legal system, and world-class logistics, positioning the emirate as a preferred destination for industrial investment. Strengthening Sharjah's economic role Al Mahmoud noted that SEDD's involvement in the forum supports the goal of reinforcing Sharjah's position as a key economic and production hub in the region. The forum also serves as a strategic platform for knowledge exchange, investment promotion, and partnership building to boost the national industrial sector. Promoting industrial potential and investor support Khalid Ahmed Al Suwaidi, Director of the Industrial Affairs Department, stressed the importance of showcasing Sharjah's industrial potential and supportive business environment. He noted that the emirate offers economic incentives and advanced infrastructure that appeal to industrial investors. He added that the forum opens new avenues for cooperation and industrial localisation, supporting the National Industrial Strategy and the UAE's long-term economic sustainability goals. 'Make it in the Emirates': A national industrial platform The 'Make it in the Emirates' Forum brings together decision-makers, investors, government entities, and private sector representatives to explore challenges and opportunities in the industrial sector. The forum serves as a hub for innovative solutions, aiming to position the UAE as a global leader in smart manufacturing and industrial investment.
Zawya
20-05-2025
- Business
- Zawya
Saudi, Malaysian industry ministers explore avenues for promoting joint investments
RIYADH — Minister of Industry and Mineral Resources Bandar Alkhorayef met with Malaysian Minister of Investment, Trade, and Industry Tengku Datuk in Riyadh on Monday. Their discussions focused on ways to strengthen bilateral economic relations and develop cooperation in the industrial sector. During the meeting, the ministers explored opportunities to promote joint investments between the two countries. They discussed the enablers and incentives available to facilitate the investor journey, and the high-value investment opportunities offered in the Kingdom. Their talks also covered the goals of Saudi Vision 2030 aimed at diversifying the national economy, as well as an overview of the National Industrial Strategy and its role in boosting the Kingdom's manufacturing capabilities, enhancing local content, and advancing priority industrial sectors targeted for localization and development. The meeting highlighted the Kingdom's strategic advantages that position it as a globally attractive investment destination, including its geographic location connecting three continents, abundant natural resources, streamlined government procedures, competitive energy prices, and advanced infrastructure. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
19-05-2025
- Business
- Saudi Gazette
Saudi, Malaysian industry ministers explore avenues for promoting joint investments
Saudi Gazette report RIYADH — Minister of Industry and Mineral Resources Bandar Alkhorayef met with Malaysian Minister of Investment, Trade, and Industry Tengku Datuk in Riyadh on Monday. Their discussions focused on ways to strengthen bilateral economic relations and develop cooperation in the industrial sector. During the meeting, the ministers explored opportunities to promote joint investments between the two countries. They discussed the enablers and incentives available to facilitate the investor journey, and the high-value investment opportunities offered in the Kingdom. Their talks also covered the goals of Saudi Vision 2030 aimed at diversifying the national economy, as well as an overview of the National Industrial Strategy and its role in boosting the Kingdom's manufacturing capabilities, enhancing local content, and advancing priority industrial sectors targeted for localization and development. The meeting highlighted the Kingdom's strategic advantages that position it as a globally attractive investment destination, including its geographic location connecting three continents, abundant natural resources, streamlined government procedures, competitive energy prices, and advanced infrastructure.
