‎Manufacturing, mining have huge opportunities, Saudi ambition ‘beyond domestic market’: Alkhorayef

‎Manufacturing, mining have huge opportunities, Saudi ambition ‘beyond domestic market’: Alkhorayef

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, said that manufacturing and mining sectors offer huge opportunities, especially as the Kingdom’s ambitions go beyond the local market.

The ministry is aware of the growth targets in these sectors, he said.

Sectors are conservatively named within the National Industry Strategy (NIS), Alkhorayef said at the "Saudi Transformation in a Changing Global Framework" session at the World Economic Forum (WEF).

The minister indicated that the competitive environment will either allow them to grow quickly, or become part of the Saudi resilience policy, like food security and pharmaceuticals industries.

The NIS objectives should be fulfilled, using the technological means as well as the integrated environmental system, including law and regulations, together with the new technological methods.