Saudi Arabia simplifies industrial investment procedures through digital integration
Business people can now complete all industrial investment procedures electronically, according to Minister of Industry and Mineral Resources Bandar Alkhorayef.
Riyadh: Business people seeking to invest in Saudi Arabia’s industries will now be able to complete all procedures electronically, according to Minister of Industry and Mineral Resources Bandar Alkhorayef.
Speaking at the recently concluded 4th Digital Government Forum in Riyadh, Alkhorayef said that platforms such as Senaei simplify industrial services and provide them remotely, eliminating the need for physical visits to branches across the Kingdom.
The platform streamlines procedures related to industrial services, enabling investors to easily navigate the investment landscape in Saudi Arabia’s growing industrial sector.The forum, held on Nov. 5-6 at the JW Marriot Hotel, was attended by over 2,000 participants, including decision-makers, experts, and more than 100 technology and digital transformation companies.
Attendees gained insights into how the Kingdom is leveraging new technologies to accelerate industrial growth and enhance competitiveness.Alkhorayef emphasized that investment in new technologies, innovation, and artificial intelligence is crucial for driving industrial advancement and boosting competitiveness.
He highlighted the Future Factories program, which aims to transform 4,000 factories into automated facilities through collaboration with private and international sector partners.
This initiative represents a significant step towards creating efficient, future-ready manufacturing hubs.In addition to digitalization in traditional industries, Alkhorayef noted that the mining sector is also undergoing a major technological transformation.
He cited Mansourah and Massarah mines as the first fully digital mine in the Middle East.
These gold mines, located in Al-Khurmah governorate of Makkah province and managed by Saudi Arabian Mining Company (Ma’aden), process ore at a plant capable of handling up to four million tons annually.Furthermore, Alkhorayef announced the launch of a digital services platform for exporters by the Saudi Export Development Authority.
This platform will integrate government export services under a single digital umbrella, streamlining the exporter’s journey and accelerating the growth of national exports.The Minister concluded that the Ministry's focus on digital transformation reflects its commitment to building a diversified and sustainable industrial economy aligned with Vision 2030.
Through continuous investment in technology and innovation, Saudi Arabia aims to create a robust, competitive industrial sector capable of meeting future economic challenges.
Speaking at the recently concluded 4th Digital Government Forum in Riyadh, Alkhorayef said that platforms such as Senaei simplify industrial services and provide them remotely, eliminating the need for physical visits to branches across the Kingdom.
The platform streamlines procedures related to industrial services, enabling investors to easily navigate the investment landscape in Saudi Arabia’s growing industrial sector.The forum, held on Nov. 5-6 at the JW Marriot Hotel, was attended by over 2,000 participants, including decision-makers, experts, and more than 100 technology and digital transformation companies.
Attendees gained insights into how the Kingdom is leveraging new technologies to accelerate industrial growth and enhance competitiveness.Alkhorayef emphasized that investment in new technologies, innovation, and artificial intelligence is crucial for driving industrial advancement and boosting competitiveness.
He highlighted the Future Factories program, which aims to transform 4,000 factories into automated facilities through collaboration with private and international sector partners.
This initiative represents a significant step towards creating efficient, future-ready manufacturing hubs.In addition to digitalization in traditional industries, Alkhorayef noted that the mining sector is also undergoing a major technological transformation.
He cited Mansourah and Massarah mines as the first fully digital mine in the Middle East.
These gold mines, located in Al-Khurmah governorate of Makkah province and managed by Saudi Arabian Mining Company (Ma’aden), process ore at a plant capable of handling up to four million tons annually.Furthermore, Alkhorayef announced the launch of a digital services platform for exporters by the Saudi Export Development Authority.
This platform will integrate government export services under a single digital umbrella, streamlining the exporter’s journey and accelerating the growth of national exports.The Minister concluded that the Ministry's focus on digital transformation reflects its commitment to building a diversified and sustainable industrial economy aligned with Vision 2030.
Through continuous investment in technology and innovation, Saudi Arabia aims to create a robust, competitive industrial sector capable of meeting future economic challenges.
