Deputy Governor of Makkah briefed on industrial projects in the region
As part of the ongoing efforts to promote economic development and achieve the goals of the Kingdom’s Vision 2030, His Royal Highness Prince Saud bin Mishaal bin Abdulaziz, Deputy Governor of Makkah Region, received at the Emirate headquarters in Jeddah, His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, accompanied by a high-level delegation of leaders from the system.
During the meeting, a comprehensive review was conducted of the most prominent projects, initiatives, and programs that the Ministry of Industry and Mineral Resources is implementing in the Makkah region and its various governorates. The meeting focused on exploring ways to enhance the investment environment in the region, remove obstacles facing investors, and review plans for developing local content, which is a fundamental pillar for maximizing the economic return from existing and future projects.
Strategic importance of the Makkah region
This visit is of particular importance given the strategic importance of the Makkah region, not only as a holy religious destination but also as a vital logistics and industrial hub. The region encompasses several major industrial cities, particularly in Jeddah, home to Jeddah Islamic Port, the Kingdom's primary trade artery, making it a key gateway for industrial exports and imports. The Ministry is working in close collaboration with relevant stakeholders to transform the region into a global industrial and logistics platform connecting three continents.
The mining sector: the third pillar of industry
In a related context, the meeting addressed the issue of mineral resources, a sector the Kingdom prioritizes as the third pillar of Saudi industry, alongside oil, gas, and petrochemicals. The Makkah region, part of the Arabian Shield, is rich in promising mineral resources and offers significant investment opportunities in mining, necessitating intensified efforts to explore and exploit these resources sustainably to support the national economy.
Supporting the national economy and localizing jobs
These field visits and leadership meetings underscore the government's commitment to driving industrial development. These projects aim to diversify national income sources and reduce reliance on oil. They also directly aim to create thousands of high-quality job opportunities for the region's youth and increase the private sector's contribution to the GDP, in line with national aspirations to build a prosperous and sustainable economy.
