Riyadh: Minister of Industry and Mineral Resources Bandar Alkhorayef held a virtual meeting with several of the Kingdom’s commercial attach©s abroad to explore strategies for enhancing Saudi non-oil exports and promoting investment opportunities in the industry and mining sectors. The session also featured participation from Saudi General Authority of Foreign Trade (GAFT) Acting Governor Mohammed Al-Abduljabbar.

According to Saudi Press Agency, the meeting emphasized GAFT’s critical role in fostering Saudi Arabia’s economic and investment partnerships worldwide. It also underlined the contributions of commercial attach©s and the Saudi Export Development Authority (Saudi Exports) in expanding non-oil exports globally, thereby supporting national economic diversification and the Kingdom’s broader development goals.

The discussions included key investment opportunities within the industry and mining sectors, focusing on the incentives and support mechanisms offered by Saudi Arabia to attract foreign investment. Efforts to streamline the investor journey and collaborative initiatives with relevant entities to overcome challenges faced by Saudi exporters were also on the agenda, aligning with the objectives of the National Industrial Strategy.

The meeting praised the recent Cabinet decision to abolish the financial levy on expatriate labor in licensed industrial establishments. This policy change is expected to enhance the competitiveness of Saudi industries, bolster non-oil exports, and facilitate their entry into global markets.

Saudi Arabia’s non-oil exports achieved a milestone in the first half of 2025, reaching SAR307 billion and extending their presence to 180 countries.