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Saudi Minister of Industry Announces 50 Investment Opportunities in Machinery, Equipment Sector

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef announced that the industry and mining sector is working with relevant authorities to attract 50 investment opportunities worth more than SAR 96 billion in the machinery and equipment sector. AlKhorayef indicated that among the largest projects achieved during 2021…

Asharq Al-Awsat · May 2, 2023

Saudi Arabia, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting in Davos. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs; Princess Reema bint Bandar Al Saud, Ambassador to the United States; Abdullah bin Amer Alswaha,…

Asharq Al-Awsat · Jan 17, 2023

Saudi Arabia Seeking to Localize New Medical Industries

Saudi Arabia is seeking to localize some pharmaceutical industries and medical supplies, and transfer knowledge to the local market. To that end, the Local Content and Government Procurement Authority (LCGPA) concluded on Thursday seven agreements with national companies to reach these goals, while providing certain incentives upon localization, such as…

Asharq Al-Awsat · Dec 30, 2022

Saudi Arabia to Invest $3.4 Bln in Vaccine, Biomedical Drugs Sector

Saudi Minister of Industry and Mineral Resources, Chairman of the Manufacturing Vaccines and Vital Medicines Committee, Bandar bin Ibrahim Alkhorayef announced on Friday the launch of several investment opportunities in the vaccines and vital medicines industry, valued at $3.4 billion. The move seeks to accomplish the Kingdom’s goals at achieving…

Asharq Al-Awsat · Jun 24, 2022