الخريف يلتقي وزيرة الشؤون الاقتصادية الدنماركية لبحث تعزيز الشراكة في الصناعة والتعدين

On Thursday, the esteemed Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, held a significant meeting in Copenhagen, the capital of Denmark, with the Honorable Minister for Economic Affairs of Denmark, Stephanie Lose. The discussion primarily focused on reinforcing the economic ties between the two nations, particularly within the industries of mining and manufacturing. Accompanying the minister were the Chief Executive Officer of the National Industrial Development Center, Eng. Saleh bin Shabab Al-Sulami, and the Saudi Ambassador to Denmark, Sahl bin Mustafa Arqous.

During their dialogue, both parties emphasized the necessity of expanding opportunities for bilateral economic cooperation and enhancing non-oil trade exchanges between the Kingdom of Saudi Arabia and Denmark. They reviewed potential avenues for the growth and investment of Danish companies within Saudi Arabia, as well as explored new collaborations in renewable energy and related industries.

A mutual agreement was reached to exchange expertise and technology, aiming to foster joint investments in various strategic industrial sectors that Saudi Arabia is eager to develop and localize. This approach aims to further strengthen the foundation of collaborative growth and innovation between both countries.

It is noteworthy that trade relations between Saudi Arabia and Denmark have demonstrated considerable progress in recent years, marked by a significant increase in non-oil trade exchange. The total trade volume reached approximately 4.3 billion Saudi Riyals in 2024, reflecting a rise from the 3.9 billion Riyals reported in 2023.

This meeting between the Minister of Industry and the Danish Economic Affairs Minister is part of the Minister’s official visit to Denmark, which aims to enhance economic partnerships and attract quality investments. The focus on both the industrial and mining sectors underscores Saudi Arabia’s strategic intent to diversify its economy and diminish its reliance on oil.

In light of Denmark’s strengths in sustainable development and innovation, the collaboration can foster practices in renewable energy, which has gained significant importance in today’s global market. By tapping into Denmark’s advanced technologies in this area, Saudi Arabia seeks to establish itself as a leader in sustainable industrial practices.

This strategic dialogue contributes to the broader framework of Vision 2030, Saudi Arabia’s ambitious reform plan to diversify its economic landscape. The Kingdom actively seeks to create a favorable environment for international investments and enhance its industrial capabilities, aligning with global objectives for sustainable development.

Both Al-Khorayef and Lose recognized the critical role of ongoing dialogue and cooperation in achieving shared economic ambitions. As Saudi Arabia continues its journey towards industrial diversification, partnerships with countries like Denmark, known for its innovation and technological advancements, will be vital.

In summary, this meeting was not just an exploration of current opportunities but also a foundational step towards a stronger economic partnership that can yield significant benefits for both nations in the years to come. The discussions held in Copenhagen signify a commitment to deeper collaboration in sectors that are poised for growth, including industry, mining, and renewable energy, ultimately enhancing the quality of trade relations.