Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, held discussions with officials of major Dutch companies during his visit to the Netherlands. The discussions sought to enhance industrial cooperation between the two countries. Alkhorayef’s discussions included looking into promising opportunities to localize specific industries in Saudi Arabia such as vehicles, petrochemicals and food.
During his visit, Alkhorayef met with officials from several Dutch companies including Nouryon, which specializes in petrochemicals, to discuss cooperation in transferring technology in the petrochemical industry and developing new products that meet the needs of the region and the world.
Moreover, Alkhorayef held discussions with Lamb Weston Company, which specializes in the food industry, to develop a value-added food industry in the Kingdom.
Furthermore, Alkhorayef held discussions with Akzo Nobel, which specializes in paint products, to expand opportunities in the paint production industry to meet Saudi Arabia’s growing demand.
In a meeting with the VDL Nedcar Group, which specializes in the vehicle industry, the minister discussed opportunities for establishing a factory to localize the manufacturing of commercial vehicles and trucks that operate on hydrogen fuel cells in Saudi Arabia.
Read: Saudi Arabia’s Ministry of Industry issues 12 new mining licenses in March 2024
Notably, Alkhorayef’s visit to the Netherlands falls within the framework of Saudi Arabia’s goals of enhancing its position in the industrial and mining sectors. Hence, this supports its national economy and promotes growth across both countries in promising sectors and industries. In addition, Saudi Arabia aims to attract more quality investments and increase the access of Saudi non-oil exports to the Dutch and European markets.
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