Riyadh: Minister of Industry and Mineral Resources and Board Chairman of the National Industrial Development Center (NIDC) Bandar Alkhorayef chaired a meeting of the center with a delegation comprising leaders of more than 30 Chinese companies. The two sides discussed ways to enhance industrial cooperation between Saudi Arabia and China and explored joint investment opportunities in several high-value industries, notably machinery and equipment, semiconductors, and advanced manufacturing technologies.

According to Saudi Press Agency, the meeting aimed at fostering bilateral relations and identifying potential areas for collaboration that could benefit both economies. The discussions focused on leveraging each country’s strengths to drive growth in key sectors, with a particular emphasis on adopting cutting-edge technologies and creating a conducive environment for innovation and development. The collaboration could potentially lead to significant advancements in industrial capabilities and contribute to the diversification of Saudi Arabia’s economy.