Latest news with #BinSalamah
Saudi Gazette
19-06-2025
- Business
- Saudi Gazette
Industrial cities in Qassim operate at 77% capacity
Saudi Gazette report BURAIDAH — Deputy Minister of Industry and Mineral Resources for Industry Affairs Eng. Khalil bin Salamah has revealed that industrial cities in Qassim operate at 77% capacity, which is a healthy rate and evidence of the existence of a stimulating environment. There are a total of 158 factories in Qassim's industrial cities. The value of industrial investments in the region during the first quarter of 2025 amounts to SR700 million, with Buraidah owning the largest share. Bin Salamah made the remarks during a meeting organized by Qassim Chamber of Commerce, which brought together investors in the region's industrial sector to highlight key ministerial services and programs and discuss the sector's aspirations for continued development and investment growth. The meeting was held at the chamber's headquarters in Buraidah. The meeting addressed a number of topics related to the industrial sector, including standard incentives for the sector, which enhance the competitiveness and sustainability of the industrial sector in Saudi Arabia. The meeting also discussed the environment of industrial facilities and presented solutions to help raise efficiency and quality. It also included a review of the Future Factories Program, an introduction to it, and the process of converting these factories to adopt modern manufacturing practices, automation, and digitalization, which directly contributes to the development of the industrial sector in Saudi Arabia in meeting also included a review of the "Industry Links" program of the General Administration of Localization and Local Content, which connects manufacturers with major projects to achieve the goals of the national strategy for increasing local content.
Asharq Al-Awsat
28-04-2025
- Business
- Asharq Al-Awsat
Riyadh Hosts Saudi-Egyptian Industrial Forum
The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries. Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors. Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries. He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade. Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector. Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential. Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.
