Saudi industrial sector set for sustained growth in 2025: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef

Saudi Arabia’s industrial sector is witnessing remarkable growth, particularly in exports, said Minister of Industry and Mineral Resources Bandar Alkhorayef, expressing confidence in the sector's continued expansion in 2025.

Speaking to CNBC Arabia during his visit to Cairo, Alkhorayef highlighted that Saudi exports increased by 18% in 2024, with re-exports rising by 23%.

He attributed this progress to recently implemented regulations, which have started delivering results, enabling the Kingdom to maintain robust export growth.

The minister also emphasized the ongoing collaborative efforts between Egypt and Saudi Arabia, which have been in progress for two years, focusing on several initiatives, most notably industrial integration.

He noted that these joint efforts have successfully addressed many challenges faced by investors, making Egypt more attractive for investment than before.

Alkhorayef further outlined opportunities for collaboration in key sectors targeted by the industrial strategy, including pharmaceuticals, automotive, mining and metals, chemicals, and fertilizers.

Commenting on the volume of investments between the two countries, the minister stated that providing an accurate estimate is challenging at this stage due to the ongoing work across multiple fronts, involving the Saudi Egyptian Investment Co., the Public Investment Fund (PIF), and the ministries of investment in both nations.