Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khorayef concluded an official visit to Germany, which included discussions and meetings with German officials, investors, and companies to enhance the partnership between the two countries in the industrial and mining sectors and to attract qualitative investments. During his visit, Al-Khorayef met with several German officials to discuss opportunities for cooperation, increasing the level of partnership, and exchanging experiences and expertise in the industrial and mining sectors. The minister also held several meetings in Berlin and Munich with German company officials to explore opportunities for cooperation between the private sector in the Kingdom and Germany. The aim was to stimulate joint investments in various promising industries and increase non-oil exports between the two sides. The meetings took place in the presence of several officials and leaders from the industry and mineral resources sector. As part of his visit, the minister made field visits to multiple German companies and factories, where he met with their officials and learned about the latest technologies used in automation and the Fourth Industrial Revolution. He also visited factories operating in the pharmaceutical and medical device sector, discussing knowledge transfer and the exchange of expertise and experience between the two countries in the pharmaceutical and health sector. The minister also attended the signing of two agreements between German companies "NEWALU" and "NCTE" and the National Industrial Development Center. These agreements aim to identify and explore opportunities for localizing the production of aluminum casting parts for cars in the Kingdom and improving the quality of local products in the automotive sector. Al-Khorayef also met several Saudi male and female students on scholarships in Germany, in the presence of the Cultural Attaché of the Saudi Embassy in Germany, Dr. Malik Bin Abbad Al-Wadi'i. Additionally, he visited the Technical University of Munich, where he learned about its academic programs specialized in the industry and mining sectors, as well as the latest engineering technologies used in the industrial field. The minister's visit to Germany aimed to emphasize the Kingdom's plans to adopt the industrial and mining sectors as strategic options within Saudi Vision 2030. This includes diversifying the economic base and opening doors to investors from around the world. The visit also aimed to identify the potential, incentives and promising investment opportunities in the industry and mining sectors. — SPA
