Saudi Industry Minister Discusses in Singapore Partnerships in Advanced Manufacturing Technologies 

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held bilateral meetings with heads of Singaporean institutions to discuss boosting cooperation. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held bilateral meetings with heads of Singaporean institutions to discuss boosting cooperation. (SPA)
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Saudi Industry Minister Discusses in Singapore Partnerships in Advanced Manufacturing Technologies 

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held bilateral meetings with heads of Singaporean institutions to discuss boosting cooperation. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held bilateral meetings with heads of Singaporean institutions to discuss boosting cooperation. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held bilateral meetings with heads of Singaporean institutions to discuss boosting cooperation, benefiting from their expertise in creating sustainable economic growth, developing small and medium-sized enterprises, and partnering on advanced manufacturing technology, reported the Saudi Press Agency on Tuesday.

The meetings were attended by Ministry of Industry and Mineral Resources Assistant Minister for Planning and Development Dr. Abdullah Ali Alahmari, National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Sulami, and Saudi Authority for Industrial Cities and Technology Zones Chief Executive Majed Rafed Al-Argoubi.

During a meeting with Singapore Economic Development Board (EDB) Chairman Png Cheong Boon, Alkhorayef discussed opportunities to bolster cooperation, build partnerships, and benefit from the EDB’s expertise.

He met with Enterprise Singapore Executive Chairman Lee Chuan Teck to explore aspects of cooperation, leveraging the institution’s expertise in capacity building, innovation, and transformation.

Alkhorayef also met with Meinhardt Group's head of the fourth industrial revolution division to discuss modern technologies that could boost efficiency and innovation in the sector.

In his meeting with the Agency for Science, Technology and Research (A*STAR) chief executive, Alkhorayef explored ways to strengthen cooperation with the agency, which is considered one of the top innovative government organizations globally in the field of science and technology.

The minister’s official visit to Singapore is one leg of an economic tour of East-Asia where he is leading a ministry delegation with the aim of deepening bilateral ties, attracting high-quality investments to Saudi Arabia, and exploring mutual investment opportunities in the industrial sector.



Saudi Arabia Launches Investment and Acquisition Facilitation Program to Provide Liquidity to Industrial Firms

A factory in Madinah. (SPA)
A factory in Madinah. (SPA)
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Saudi Arabia Launches Investment and Acquisition Facilitation Program to Provide Liquidity to Industrial Firms

A factory in Madinah. (SPA)
A factory in Madinah. (SPA)

The Saudi Ministry of Industry and Mineral Resources has launched the Investment Facilitation and Acquisition Program, which aims to offer diverse investment opportunities that align with investors’ goals, while also assisting industrial companies in expanding their production or addressing challenges in business development.

In a statement on Tuesday, the ministry said the program provides three key advantages: facilitating acquisitions within the industrial sector, offering liquidity to industrial companies, and presenting suitable opportunities for investors.

The ministry added that the program’s launch reflects its commitment to expanding and promoting industrial investment opportunities, creating an attractive business environment, and providing programs that help industrial companies increase production and enhance their competitiveness.

The process for applicants to the Investment Facilitation and Acquisition Program involves several steps, including submitting applications from both investors and companies, attaching the necessary documents through a designated electronic registration form, and analyzing the submitted applications to identify interested parties and determine compatibility.

If a match is found between an investor’s interests and a participating company, the two sides are connected. The investor then conducts an analysis and evaluation of the company and may submit an investment or acquisition offer to the owner if the evaluation aligns with their investment strategy.