Saudi Industry Minister Highlights Importance of Technology Use to Affect Growth

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef stressed that the Kingdom took advantage of various technologies to achieve growth in the industrial and mining sectors, and that technology enables business owners to be productive and effective.
Taking part in a panel discussion titled "Where Manufacturing and Tech Collide", held as part of the World Economic Forum's (WEF) Special Meeting in Riyadh today, Al-Khorayef talked about the transformation witnessed by the manufacturing sector over the past 25 years, which has served many countries, including the Kingdom, and about advanced solutions to lower the carbon footprint, stressing the importance of developing human capital by helping youths interested in technological advancements.
The minister also tackled infrastructure development and preparing regulations and guidelines to secure reliable use of information and data usage, and cybersecurity, and future programs that target 4,000 factories, SPA reported.
He stressed the importance of developing an economic system that takes advantage of technologies like digital twin and 5G for operating and managing the mining sector, especially in remote areas.
Al-Khorayef also spoke about the Saudi industrial base, which has the largest number of active entities and plays a main role in turning ideas into real solutions, making use of technologies that contribute added value to countries.