Post by : Mariam
Al-Faris
Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the continued strength and resilience of the Kingdom’s economy amid global geopolitical shifts and supply chain disruptions. Speaking during the ninth Future Investment Initiative (FII) conference, he highlighted that Saudi Arabia remains a model of economic stability despite ongoing global challenges. The conference, known for gathering top global investors and policymakers, served as a platform for the minister to underline the nation’s industrial and technological ambitions.
During a panel discussion on the potential of artificial intelligence, Alkhorayef explained that the Kingdom is rapidly advancing in smart industrial transformation. He noted that the use of AI and advanced digital tools has become central to Saudi Arabia’s industrial strategy. The Kingdom is taking major steps to integrate AI into production lines, improve efficiency, and enhance competitiveness in global markets. Alkhorayef stressed that Saudi Arabia’s forward-thinking policies and infrastructure investments are preparing industries for the future economy.
The minister detailed that the National Industrial Strategy is built on enabling advanced manufacturing technologies and attracting high-quality investments. He said that one of the key goals of this strategy is to accelerate the adoption of AI and other emerging technologies by national factories. To support this, the government is improving legislative and regulatory frameworks that encourage innovation while ensuring data protection and efficiency. Another focus is on building a strong digital infrastructure and enhancing the skills of Saudi workers to meet future industrial needs.
Alkhorayef highlighted several initiatives designed to stimulate innovation within the industrial and mining sectors. Among them is the Future Factories Program, which aims to automate around 4,000 factories across the Kingdom. He also mentioned the 1K Mile Program, an initiative to turn entrepreneurial ideas into viable industrial and mining projects. Additionally, the Industrial Hackathon invites global innovators to develop practical solutions for challenges facing local factories. These programs are creating a culture of creativity and problem-solving in Saudi Arabia’s industrial landscape.
The minister underscored the importance of Saudi Arabia’s smart industrial cities in leading technological change. These cities, equipped with artificial intelligence (AI), Internet of Things (IoT), and automation systems, represent the country’s commitment to digital transformation. Alkhorayef said these zones serve as laboratories for innovation, allowing investors and manufacturers to test and apply advanced technologies. This environment strengthens Saudi Arabia’s position as a global hub for innovation and sustainable industrial growth.
A key highlight of Alkhorayef’s speech was the success of Saudi Arabia’s local content policies. He explained that the government’s partnerships with major international companies have produced tangible results in localizing essential industries. For instance, partnerships with Sanofi and Novo Nordisk have helped the Kingdom localize over 90% of domestic insulin production. This achievement reflects how industrial policies are not only advancing technology but also strengthening healthcare self-sufficiency and national resilience.
Despite global uncertainties and regional challenges, Alkhorayef reaffirmed that Saudi Arabia remains an attractive destination for investors. The country’s stable economic policies, ambitious Vision 2030 strategy, and focus on diversification continue to drive confidence among international partners. The minister added that the industrial sector’s growth is a key contributor to the country’s broader economic expansion. Saudi Arabia’s progress in sustainability, innovation, and digital transformation has placed it among the leading economies shaping the future of industry.
Minister Bandar Alkhorayef’s address at the FII conference highlighted how Saudi Arabia is transforming its industrial base through AI and digital technologies. With initiatives such as factory automation, industrial innovation programs, and smart cities, the Kingdom is aligning its efforts with Vision 2030’s goals of economic diversification and technological leadership. The success in localizing production and creating sustainable industries shows that Saudi Arabia’s industrial future is both smart and resilient.
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