Minister of Industry Discusses Cooperation with Malaysian Counterpart

   Riyadh, May 19, 2025, SPA -- Minister of Industry and Mineral Resources Bandar Alkhorayef met today in Riyadh with Malaysian Minister of Investment, Trade, and Industry Tengku Datuk.
   The two ministers discussed ways to strengthen bilateral economic relations and develop cooperation in the industrial sector, in addition to encouraging mutual investments.
   The discussions covered the goals of Saudi Vision 2030 aimed at diversifying the national economy, as well as an overview of the National Industrial Strategy and its role in boosting the Kingdom’s manufacturing capabilities, enhancing local content, and advancing priority industrial sectors targeted for localization and development.
   The meeting highlighted the Kingdom's strategic advantages that position it as a globally attractive investment destination, including its geographic location connecting three continents, abundant natural resources, streamlined government procedures, competitive energy prices, and advanced infrastructure.
   Additionally, the ministers explored opportunities to grow joint investments between Saudi Arabia and Malaysia, the enablers and incentives available to facilitate the investor journey, and the high-value investment opportunities offered in the Kingdom.
   -- SPA