Saudi Arabia & Australia explore joint economic, investment cooperation

By Shilpa Annie Joseph, Official Reporter
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Saudi Arabia’s Minister of Industry and Mineral Resources, Mr. Bandar Bin Ibrahim Al-Khorayef and the Australian Assistant Minister of Industry for Manufacturing, Mr. Timothy Ayres have discussed ways of economic cooperation between the two countries.

Saudi Deputy Minister of Industry and Mineral Resources for Mining, Eng. Khalid Bin Saleh Al-Mudaifer, CEO of the National Industrial Development and Logistics Program, Eng. Suliman Almazroua and the CEO of the National Center for Industrial Development, Dr. AbdulRahman Al-Qirtas were also present at the meeting.

During the meeting, Mr. Al-Khorayef discussed ways of cooperation between Saudi Arabia and Australia to enhance joint economic, commercial, and investment cooperation, especially in the industrial and mining sectors.

Further, they explored the opportunities provided by the two sectors and the means of benefiting from the Australian experiences in the mining sector.

The Saudi Arabia’s minister further highlighted “the ministry’s main initiatives to develop the industrial sector, which is one of the most important factors to achieve the objectives of the “Kingdom’s Vision 2030” and the National Industrial Development and Logistics Program, which aims to transform the Kingdom into a leading industrial power and a global logistics hub.”

The meetings come within the Saudi delegation’s official visit to Australia, to introduce investment opportunities in the mining sector in the Kingdom, under the umbrella of “Invest in Saudi Arabia.”

The Saudi delegation’s visit to Australia also includes participating in the International Mining and Resources Conference + EXPO (IMARC) held in Sydney, according to the statement.

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