Industry Minister Meets Russian Counterpart to Explore Collaboration Opportunities

Moscow, July 07, 2025, SPA -- Minister of Industry and Mineral Resources Bandar Alkhorayef met with Russian Federation Minister of Industry and Trade Anton Alikhanov during his official visit to Russia.
   Alkhorayef was accompanied by a distinguished Saudi delegation that included Saudi Ambassador to the Russian Federation Abdulrahman Al-Ahmad, National Industrial Development Center (NIDC) Chief Executive Saleh Al-Solami, Saudi Authority for Industrial Cities and Technology Zones (MODON) Chief Executive Majed Al-Argoubi, and Saudi Export Development Authority Chief Executive Eng. Abdulrahman Althukair.
   During the meeting, the industry ministers discussed opportunities to advance cooperation in industrial development, manufacturing localization, and mining-sector partnerships. Alkhorayef emphasized the Kingdom’s interest in leveraging Russia’s industrial expertise, particularly in heavy equipment, agricultural machinery, chemicals, automotive, manufacturing, and advanced materials — sectors that complement Saudi Arabia’s National Industrial Strategy.
   Meeting participants discussed building effective investment partnerships to take advantage of available opportunities in knowledge and technology transfer, innovation, and industrial research. They reviewed the most prominent quality investment opportunities in Saudi Arabia's promising industrial sectors and the enablers provided to facilitate investors' journeys.
   During the meeting, both sides emphasized their commitment to developing non-oil exports and facilitating their access between the two countries, aiming to contribute to the growth of trade and achieve economic diversification in both Saudi Arabia and Russia.
   Additionally, Alkhorayef extended an invitation to his Russian counterpart to participate in the Future Minerals Forum (FMF), scheduled to take place in Riyadh on January 13–15, 2026.
   The meeting builds on the Kingdom’s ongoing efforts to strengthen international industrial partnerships and expand bilateral cooperation in line with the objectives of Saudi Vision 2030.
   -- SPA