Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Wednesday a series of bilateral meetings with senior executives and prominent leaders from the French industrial and mining private sectors during his official visit to France.
The meetings, aimed at exploring joint investment opportunities in the industry and mining sectors and fostering greater collaboration and knowledge exchange, underscore the ongoing commitment to strengthening bilateral ties between Saudi Arabia and France.
Alkhorayef met with Orino Mining chief executive, Bel Group chief impact officer, Sidel president and chief executive, and Safran chief executive to discuss potential avenues for cooperation that are vital to both nations’ economic growth.
The meeting was attended by Local Content and Government Procurement Authority (LCGPA) Chief Executive Abdulrahman Al-Semari and National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Solami.
Discussions covered boosting cooperation in mining, aerospace, and food manufacturing and packaging. The Saudi delegation also highlighted the Kingdom's attractive investment environment and incentives available to investors.
The meetings come within the framework of strengthening bilateral economic ties and attracting quality investments to the Kingdom, particularly in the industrial and mining sectors.
Moreover, Alkhorayef witnessed the signing of a memorandum of understanding (MoU) between Sidel, a leading global French packaging manufacturer, and Saudi Arabia’s NIDC. The MoU aims to establish a regional service hub and a specialized center for industrial human capital development in Saudi Arabia.
