Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources is now on an official visit to Spain, where he has participated in a series of high-level conversations aimed at strengthening economic cooperation between the two countries. In Madrid, Alkhorayef met with Jordi Hereu, Spanish Minister of Industry and Tourism, and Carlos Cuerpo, Minister of Economy, Trade, and Business, to discuss ways to strengthen cooperation, notably in the industrial and mining sectors.
During his conversation with Hereu, Alkhorayef emphasised Saudi Arabia’s commitment to strengthening bilateral relations with Spain. He laid out the Kingdom’s ambitious Vision 2030, which aims to diversify its economy and attract foreign investment, notably in the industrial and mining sectors. Alkhorayef also described the various incentives and resources accessible to foreign companies, demonstrating Saudi Arabia’s commitment to fostering a friendly investment environment.
In conversations with Cuerpo, the emphasis switched to industrial and mining collaboration. The ministers discussed the possibility of establishing cooperative research and development centres, improving technological skills, and promoting mineral exploration and extraction, all while adhering to environmental sustainability objectives. They also stressed the need to boost Spanish private sector engagement in Saudi Arabia’s big development projects, which would strengthen economic relations between the two nations.
