Latest news with #NonProfitAssociation
Zawya
5 days ago
- Business
- Zawya
Saudi ministry launches Non-Profit Precious Metals and Gemstones Association to boost industry
RIYADH — The Ministry of Industry and Mineral Resources has officially announced the establishment of the Non-Profit Precious Metals and Gemstones Association, aimed at advancing the industry, fostering innovation, and empowering local designers and artisans across the Kingdom. The initiative forms part of the Ministry's broader strategy to strengthen the role of non-profit organizations within the industrial and mining sectors, reflecting its belief in their contribution to economic and social development. Aligned with Saudi Vision 2030, the association's objectives include enhancing local content in precious metals and gemstone products, supporting the creative industries, empowering women and youth, and elevating professional standards among designers through specialized training programs, workshops, and certifications. The new body will provide Saudi artisans and designers with financial and technical assistance, production grants, and opportunities to showcase their work at local and international exhibitions. It also aims to promote sustainability, encourage environmentally responsible practices in the gemstone sector, and build a unified professional community through a digital platform connecting investors and industry practitioners. By integrating designers and craftsmen into key value chains, the association seeks to expand Saudi Arabia's footprint in the global market while contributing to the national GDP. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Asharq Al-Awsat
09-07-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Establishes Non-Profit Association of Medical Device Manufacturers
Saudi Arabia's Ministry of Industry and Mineral Resources announced on Tuesday the establishment of the Non-Profit Association of Medical Device Manufacturers, aimed at supporting the development and growth of the medical device industry. The initiative aligns with the Ministry's efforts to empower non-profit organizations in the industrial and mining sectors, reflecting its belief in their role in advancing the Kingdom's economic and social development. According to a Ministry statement, the Association seeks to encourage high-quality investments in medical device manufacturing, support factories' compliance with the highest standards of quality and safety, raise awareness about locally produced devices and their advantages, and enhance the export efficiency of Saudi medical products. The Association will also provide specialized advisory services, foster innovation, and help develop the skills of the workforce in the sector to strengthen its regional and global competitiveness. The establishment of the Non-Profit Association of Medical Device Manufacturers forms part of the Ministry's broader efforts to enable the non-profit sector and enhance its role in industry and mining. The initiative aims to increase its contribution and direct impact on the Kingdom's GDP, in line with the goals of Saudi Vision 2030.
