Minister of Industry and Mineral Resources Bandar Al-Kholayef acknowledged that promoting Saudi Arabia as a global investment destination is a no-brainer, given the country’s unique combination of factors such as stability, clarity of vision, and enhanced capabilities that cannot be found elsewhere.
Mr. Al Khoraev explained in a session within the Public Investment Fund and Private Sector Forum that the Public Investment Fund plays three main roles: One of these is the development of existing companies such as “Marden” and “SABIC,” as well as direct investment in strategic sectors that did not exist before, such as the automobile sector, the military industry sector through investment in “SAMI,” and the pharmaceutical industry sector through investment in “Ribera.”
He pointed out that the Fund’s second role revolves around the creation of a wide range of opportunities in the supply chain, including the aluminum supply chain and the phosphate sector in the metals sector, in addition to the potential for major projects in each sector, such as the “SAR” company and the railway linking the northern part of the Kingdom with the industrial zone.
He said the Fund has an important third role to play, which is to communicate the realities of each sector and the challenges it faces, and to contribute to the review of a number of regulations and laws that will benefit the sector as a whole.
Bandar Al Khoraev, Minister of Industry and Mineral Resources, acknowledged that promoting Saudi Arabia as a global investment hub is a no-brainer because of its unique blend of stability, clarity of vision, and enhanced capabilities.
Mr. Al Khoraev explained in a session of the Public Investment Fund Private Sector Forum that the Public Investment Fund has three main roles, the first of which is to develop and strengthen existing companies such as Marden and SABIC, as well as make direct investments in strategic sectors where they did not exist before, such as the automotive sector, the military industry sector through investment in SAMI, and the pharmaceutical sector through investment in Lifera.
He pointed out that the Fund’s second role revolves around creating huge opportunities in supply chains such as the aluminum supply chain and the phosphate sector of the mineral sector, in addition to major projects such as the “SAR” and the railway linking the northern part of the Kingdom with industrial areas.
He said the Fund’s third most important role is to communicate the realities of each sector and the challenges it faces, and to contribute to the review of a number of regulations and laws that will benefit the sector as a whole.
