Minister of Industry and Mineral Resources Bandar Alkhorayef met in St. Petersburg with leaders of the Sistema investment group to explore cooperation opportunities in high-priority industrial sectors, focusing discussions on localizing advanced technologies within the Kingdom and developing industrial cities to strengthen national industrial capabilities and secure local supply chains.
In a related development, Alkhorayef visited the Karpinsky Russian Geological Institute to discuss opportunities for exchanging scientific expertise in geological mapping and mineral exploration technologies. This collaboration is designed to advance geological knowledge and accelerate the strategic expansion of Saudi Arabia’s mining sector.
These engagements align with the ministry’s broader efforts to attract high-quality international investment, transfer specialized knowledge, and advance the mining goals of Saudi Vision 2030.
Source: Riyadh Daily