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An emergency meeting with investors and German company officials in Munich
14-05-2025
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An emergency meeting with investors and German company officials in Munich

During a meeting with investors and German company officials in Munich, Minister of Industry and Mineral Resources Bandar Alkhorayef discussed promising investment opportunities in the industrial and mining sectors, as well as the numerous advantages and capabilities the Kingdom offers to investors from around the world. The meeting, which was attended by a number of leaders from the industry and mineral resources system, discussed ways to contribute to attracting quality investments in a number of targeted sectors, in order to achieve the goals of the National Industrial Strategy. The meeting also discussed the exchange of expertise and experiences between private sector entities in the two countries. Chairman of the Board of Directors of Sahat Al-Modon Company, Mr. Mohammed bin Rashid bin Adwan Al-Mutairi, indicated that the visit of the Minister of Industry and Mineral Resources to the Federal Republic of Germany aims to emphasize the Kingdom's plans to adopt the industrial and mining sectors as a strategic option within the framework of economic diversification and opening its doors to investors from around the world. It also highlighted the promising investment opportunities and incentives in the industrial and mining sectors. In a related context, the Saudi Authority for Industrial Cities and Technology Zones (MODON) is showcasing its products and services available to the food industry sector during its major participation in the national strategy at Saudi Food 2023, the largest national food and beverage exhibition in the Middle East. Held under the patronage of the Minister of Industry, the exhibition will be held from June 20-22 at the Riyadh International Convention and Exhibition Center. This comes in line with the objectives of the National Industrial Strategy, which aims to double sustainable growth, maximize the value chain, and play a pivotal role in achieving food security and developing local content, in line with the programs of Saudi Vision 2030. MODON aims to highlight the Kingdom's progress in 12 food sectors and investment attraction opportunities through targeted projects in the food industry sector valued at $20 billion by 2035. The exhibition is an important platform for showcasing the most prominent services and products, as well as the financing and logistical solutions offered by MODON to facilitate business and support a competitive investment environment. It also highlights the incentives and comparative advantages of 36 industrial cities, contributing to increasing the value of food exports to $10.9 billion.

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International Expert Mohammed bin Rashid bin Adwan

International Expert Mohammed bin Rashid bin Adwan