Saudi Arabia Invites Global Leaders to Join MIPF 2024 Forum
Saudi Arabia's Invitation to Global Industry Leaders
In an inspiring event organized by the Ministry of Industry and Mineral Resources, Saudi Arabia has taken a significant step by inviting global industry leaders to participate in the upcoming Multilateral Industrial Policy Forum (MIPF). This forum is set to bring together influential figures in the industrial sector to discuss transformative policies and innovations.
The Role of UNIDO in the MIPF
Working alongside the United Nations Industrial Development Organization (UNIDO), Saudi Arabia aims to leverage this collaboration to enhance industrial dialogues on a global scale. The pre-launch event served not only to announce the forum scheduled for October 23-24, 2024, in Riyadh but also to emphasize the importance of international collaboration in shaping future industrial policies.
Significance of the Event
This event was filled with high-profile attendees including the esteemed H.E. Faisal Alibrahim, Minister of Economy and Planning, and other leading officials. Their presence highlights the serious commitment that Saudi Arabia has towards fostering global industrial relationships.
Vision 2030: A Journey Towards Industrial Transformation
During the gathering, Minister Bandar bin Ibrahim Alkhorayef highlighted the essential vision underpinning Saudi Arabia's industrial policies aimed at achieving dramatic economic diversification. His focus on Vision 2030 showcases the Kingdom's determination to enhance both emerging and existing industries, particularly in the industrial sector, which is critical for building a resilient economy.
Expanding Industrial Contributions
Alkhorayef expressed that the nation's industrial sector is expected to contribute substantially to the GDP, projecting to reach approximately $241 billion USD by 2030. This ambitious plan aims not only to attract more foreign investment—targeting $150 billion USD in industrial exports—but also to position Saudi Arabia as a leader in global industrial markets.
Addressing Global Challenges through Innovation
At the heart of these initiatives is a commitment to innovation and the development of human resources within the Kingdom. By investing significantly in the workforce, Saudi Arabia aims to harness technology and innovation to overcome global industrial challenges such as supply chain issues and energy transitions.
Global Collaboration and Best Practices
The MIPF promises to be a pivotal platform where coming together will enable discussions on global industrial policy challenges and the exploration of clean energy solutions. This underscores Saudi Arabia's readiness to share its strategies globally and work collaboratively with partners to enhance industrial practices worldwide.
Encouragement for Participation
By extending this invitation to global leaders and emphasizing collaboration, Saudi Arabia's Ministry of Industry and Mineral Resources is striving to ensure that the MIPF will address relevant topics while promoting sustainable industrial practices. As the Kingdom positions itself as an influential player in industry, it calls upon leaders from all over to take part in this noteworthy event.
Ministry of Industry and Mineral Resources
Saudi Arabia
Media Contact:
First Name: Hassan
Last Name: Aldohaiman
Mobile: +966 55 555 1557
Frequently Asked Questions
What is the purpose of the MIPF 2024?
The MIPF aims to bring together global leaders to discuss and propose innovative solutions for industrial policies and practices.
When will the MIPF take place?
The forum is scheduled for October 23-24, 2024, in Riyadh.
Who organized the event?
The event was organized by the Ministry of Industry and Mineral Resources in collaboration with UNIDO.
What discussions will be featured at the MIPF?
Topics will include global industrial policy challenges and the integration of clean energy in industrial practices.
How does this tie into Saudi Arabia's Vision 2030?
This event is part of a broader strategy aiming for substantial growth in the industrial sector, aligning with the objectives outlined in Vision 2030.
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