Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Tuesday bilateral meetings with leaders of industrial and mining companies in Hanoi as part of his official visit to Vietnam.
The meetings focused on joint investment opportunities in the industry and mining sectors.
They highlighted the objectives of the Saudi National Industrial Strategy and the distinctive investment opportunities available in mining, as well as several promising industrial sectors, including food industries and automotive manufacturing.
They reviewed the competitive advantages of the Kingdom’s investment environment, along with the enablers and incentives offered to facilitate the investors’ work.
The meetings also addressed the Kingdom’s strategic advantages that position it as a key hub for attracting global investments. These include its geographic location linking three continents, abundant natural resources, competitive energy prices, advanced infrastructure, modern industrial cities, and streamlined government procedures.
Alkhorayef met with several leaders of Vietnamese companies, including VinFast, a specialist in electric vehicle manufacturing; Masan Group, active in various sectors such as mining and the food industry; and Southern Food Corporation, engaged in food and halal products.
The meetings were attended by National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Solami and senior officials from the Kingdom’s industry and mineral resources system.
The meetings aimed to strengthen bilateral economic ties, advance cooperation between the two countries in the industrial and mining sectors, and attract quality investments to the Kingdom.
