Riyadh: Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of meetings with leaders of major Chinese companies, including Tsinghua Unigroup, BOE Technology Group, and Kyland Technology, during his official visit to the People's Republic of China, focusing on industrial cooperation and the localization of advanced manufacturing technologies in the Kingdom.
According to Saudi Press Agency, discussions covered opportunities in developing the industrial digital infrastructure, intelligent industrial control technologies, and the semiconductor industry, in addition to highlighting the Kingdom's enablers that attract quality industrial investments and facilitate the investor journey. The meetings reviewed the Kingdom's strategic advantages, including its geographic position connecting three continents, abundant natural resources, competitive energy pricing, advanced infrastructure and industrial cities, and streamlined government procedures.
On the sidelines of the meetings, the minister witnessed the signing of three memoranda of understanding between the National Industrial Development Center and the Chinese companies: the first with BOE Technology Group in advanced display technologies, the second with Kyland Technology in intelligent industrial control technologies, and the third with Tsinghua Unigroup in the semiconductor industry, with the aim of localizing these advanced industrial technologies in the Kingdom.
The meetings were attended by National Industrial Development Center CEO Eng. Saleh Al-Solami and leaders from the industry ecosystem in the Kingdom and the People's Republic of China.