Bandar Al-Khorayef, Minister of Industry and Mineral Resources, spoke at a panel session titled “Dealing with the Unpredictable Economic Consequences of 4IR Technological Progress” at the second edition of the LEAP Tech Conference, held in Riyadh from February 6 to 9, under the theme Into New Worlds. The government is targeting to become a global leader in additive manufacturing (3D printing).
It aims to achieve the leadership position through producing additive manufacturing raw material, developing engineering design capabilities, and localizing additive manufacturing services.
“This conference is a clear demonstration of the Kingdom’s appetite for attracting new and major players in the field of IT, which work to strengthen Saudi Arabia’s position as a regional and international hub for business.”
– Bandar Al-Khorayef, Minister of Industry and Mineral Resources, Saudi Arabia
Aiming to be a Leader in additive manufacturing
To support the ministry’s objectives, Saudi Arabia’s leadership has prioritized the creation of an appealing investment environment in accordance with the National Industrial Strategy and Vision 2030 in order to improve the sector, drive innovation, and support its growth. As a result, the strategy will promote economic diversification, create meaningful employment opportunities for citizens, and encourage youth skill and training development in order to advance a sustainable industrial sector.
“Technologies related to the Fourth Industrial Revolution, in particular, support Vision 2030 objectives by increasing productivity while reducing costs, waste and carbon emissions, thereby advancing sustainability goals while improving the quality of goods and products. This makes investing in innovation, developing scientific research, and encouraging the adoption of emerging technologies in the industrial sector a core strategic priority for the Kingdom of Saudi Arabia.”
– Bandar Al-Khorayef
Al-Khorayef concluded saying, “Distinguished by its geographical location, enormous resources, and large young and talented workforce, if leveraged correctly, Saudi Arabia has the opportunity to become one of the greatest success stories in the 21st century as we emerge an innovation driven, industrial global powerhouse.”
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