Latest news with #industrialexhibition
Asharq Al-Awsat
09-07-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, Russia Seek to Deepen Economic and Industrial Ties
Saudi Arabia and Russia have stepped up efforts to strengthen their economic and industrial partnerships, as Minister of Industry and Mineral Resources Bandar Al-Khorayef led a high-level Saudi delegation to the INNOPROM 2025 International Industrial Exhibition in Yekaterinburg, Russia. Opening the Saudi pavilion - where the Kingdom is participating as the exhibition's partner country - Al-Khorayef underscored more than a century of strategic relations and robust economic ties that, he said, form the basis for expanding trade, investment, and cooperation in key sectors including mining, manufacturing, and technology. The Saudi delegation includes officials from 18 government entities and 20 leading companies spanning industrial services, automation, machinery, metals, energy, and advanced manufacturing. The pavilion is showcasing the Kingdom's competitive advantages as an investment hub, along with opportunities identified in Saudi Arabia's National Industrial Strategy. Promotional events highlighted financial incentives, including funding solutions from the Saudi Industrial Development Fund and the Saudi EXIM Bank, as well as Saudi Arabia's rapidly developing infrastructure, industrial cities, special economic zones, and specialized complexes aimed at supporting investors. During the exhibition, Al-Khorayef and Russian Minister of Industry and Trade Anton Alikhanov met to discuss ways to deepen cooperation. Both ministers stressed the importance of enabling the private sector to seize emerging investment opportunities, and pledged to support joint initiatives that drive industrial development in both countries. The Saudi minister noted Riyadh's strong interest in Russian expertise across priority sectors such as heavy equipment, agricultural machinery, chemicals, automotive, and advanced manufacturing technologies. Talks also focused on forging investment partnerships that facilitate knowledge transfer, industrial innovation, and technology localization. The two sides reaffirmed their commitment to boosting non-oil exports and simplifying market access, aiming to diversify their economies and enhance trade flows. Saudi Arabia's participation in the exhibition, officials said, reflects its strategy to build international partnerships that reinforce its standing as a trusted global economic partner. Recent years have seen steady growth in Saudi-Russian economic ties. Non-oil trade rose from $491 million in 2016 to $3.28 billion in 2024, driven by expanding cooperation in mining, petrochemicals, and advanced industries. The Kingdom hopes to attract high-value Russian investments, strengthen industrial supply chains, and further develop local capabilities as part of its push for economic diversification and sustainable growth.
Zawya
08-07-2025
- Business
- Zawya
ROSHN Group participates at INNOPROM 2025, Russia's largest industrial trade fair
Now in its 15th year, INNOPROM International Industrial Exhibition is the main B2B event in Russia and globally The Kingdom of Saudi Arabia is the event's official Partner Country amid broad international participation ROSHN Group will be showcasing how it is leading in the development space by showcasing its various projects around the Kingdom Riyadh, Saudi Arabia – ROSHN Group, Saudi Arabia's leading multi-asset real estate developer and a Public Investment Fund (PIF) company, is participating for the first time at INNOPROM, Russia's largest industrial trade fair. Joining as part of the country's Invest Saudi trade delegation – the Kingdom is this year's official partner country for INNOPROM – ROSHN Group will be showcasing its developments and engaging in discussions with potential partners during the event, which is taking place in the city of Yekaterinburg, between the 7th and 10th of July. ROSHN Group is present at the Invest Saudi pavilion, where its executives will be sharing updates on the Group's progress to date in developing communities and destinations that raise quality of life. The Group is currently developing projects throughout Saudi Arabia, focusing on areas such as residential communities, retail and commercial offices, education, healthcare, hospitality and sports. With a mandate that includes raising the bar for development through innovation and supporting local content, ROSHN Group is redefining development. The International Industrial Exhibition, known as INNOPROM, is a dedicated business-to-business platform that connects manufacturers with buyers from across the globe. Attracting more than 100,000 visitors from 90 countries, it serves as a vital hub for fostering commercial relationships and industry collaboration. With a portfolio of large-scale, mixed-use developments across the Kingdom, ROSHN Group is exploring partnerships that support innovation and sustainability in real estate. The Group's expansive asset portfolio spans residential, commercial, retail, sports, education, hospitality components and more. At INNOPROM, ROSHN will spotlight the breadth and strategic significance of its developments, reinforcing its role in shaping the Kingdom's future. The Group will be present at the Kingdom of Saudi Arabia's pavilion throughout the event.
