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14.08.24 11:18

Economy

Saudi Arabia launches initiatives to empower the non-profit sector in mining

Five industrial associations are currently under the ministry's control

Saudi Arabia's Ministry of Industry and Mineral Resources is launching new initiatives aimed at empowering the non-profit sector and increasing its contribution to the country's industry and mining.

In line with the National Industrial Strategy and Saudi Arabia's Vision 2030, the ministry has developed a comprehensive plan that aims to strengthen the sector's position.

The main areas of focus include upgrading the skills of the labour force, attracting investment, expanding the range of services provided and stimulating non-oil exports. This is reported by Saudi Press Agency (SPA).

The ministry currently oversees five industrial associations and intends to utilise its research, training and networking resources to support the growth of both the industrial and mining sectors.

Photo: iStock

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

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Anutin Charnvirakul

Prime Minister of Thailand

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Ferdinand Marcos

President of the Republic of the Philippines

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Prime Minister of Malaysia

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Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

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Saudi Arabia launches initiatives to empower the non-profit sector in mining

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