November 28, 2021

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Saudi Arabia seeks to build a global logistics base by boosting industrial exports

Saudi Arabia seeks to build a global logistics base by boosting industrial exports

Saudi Arabia seeks to build a global logistics base by boosting industrial exports

Dubai Summit emphasizes the importance of industrialization in driving global growth and development

Tuesday – 18 Rabi Al-Thani 1443 AH – 23 November 2021 AD Issue no. [
15701]

Saudi Minister of Industry Bandar Al-Quraif during his participation in the Industrial and Industrialization Summit (SPA) in Dubai

Dubai: Musaed Al Zayani

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Qurayf, stressed that his country has great ambitions in developing the industry based on the importance of “Vision 2030”, which will play a key role in diversifying the economic base and providing investment. Job opportunities are aimed at enabling industrial investors to complete their work, achieve their goals, gain promising opportunities for growth and development, not only to meet local needs, but also to increase exports. Global logistics platform.
Al-Qa’eda stressed that Saudi Arabia’s industrial trend is based on the acceptance of technology and innovation and the provision of quality jobs, and the launch of the NEOM industrial city “Oxagon” marks a qualitative leap forward for industry. In line with the objectives of the initiatives of “Green Saudi Arabia” and “Al Shark”, the sector in the transition to clean energy, medium green.
During his speech at the World Summit on Industry and Production in the United Arab Emirates, he explained that in addition to demand, the only guarantee for business sustainability and growth is to build human capabilities to meet the needs of communities in the long run. Rethinking aspects of education, qualifications and training, ensuring that the business responds to the needs of the future and embraces the skills and competencies that provide a culture that promotes creativity and innovation, as well as sustainability that transforms business models. Ensures stability and growth.
In addition, Kaltoon Al Mubarak, Managing Director and Chief Executive Officer of the Mubatala Investment Company, stressed that the UAE will continue to invest in key sectors based on innovations, including renewable energy, advanced technology and semiconductor technology. Plans to invest in it in the future.
He said: “Mubadala is a leading and key investor in advanced technology companies around the world, and with our long-term strategy, we are eager to invest in all promising sectors with strong potential for success, development and growth. Department of Technology. There is no doubt that our skills and plans are looking forward to the future and manipulating it in a fruitful way.
Furthermore, Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates, said, “The first three industrial revolutions contributed to the strengthening of global GDP, raising its historic levels and increasing the average life expectancy, increasing the life expectancy and average world income by 15 times. The beginning of the fourth industrial age.” As we now see, the technologies of the Fourth Industrial Revolution began to advance the industry and further enhance its contribution to global growth and development.
During the summit, which runs until November 25, Dr. Al-Jaber explained that the National Strategy for Industry focuses on increasing the contribution of industry to building a better and more vibrant economy worldwide. His country calls on stakeholders to join the process of promoting industrial growth and ending smart partnerships to take advantage of its current competitive advantage and expand its industrial base.
For his part, John Kerry, US Special Envoy for Climate Change, called on international oil companies to join efforts to combat climate change, stressing that the lack of a concerted global effort now to combat the negative effects of global warming will have serious consequences. Implications not only for the world economy but for the world as a whole.
During his participation, Kerry said, “We are already beginning to see the catastrophic effects of this event, from wildfires and floods in many countries, to rising polar ice melt rates and record highs in air temperature.”
John Kerry expressed confidence that the world would move in the right direction if all parties pledged to implement what was agreed at the recent United Nations Climate Change Conference in Glasgow, with 7 per cent of global companies already embarking on the task of reducing their carbon emissions, and several global companies operating in the industrial sector are already the top 45 in the world. Companies, among others, are committed to reducing their carbon footprint.

Saudi Arabia

Economy

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