Industry Ministry announces SAR 96 bln investment opportunities in machinery sector

01/05/2023 Argaam
Bandar Alkhorayef, Minister of Industry and Mineral Resources

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Bandar Alkhorayef, Minister of Industry and Mineral Resources, and Head of the National Industrial Development Center (NIDC), said the ministry is working with the competent authorities to attract investments worth more than SAR 96 billion in the machinery and equipment sector.
 

This will be through 50 investment opportunities available on the 'Invest Saudi' platform, the minister noted.
 

He added that NIDC is working with the Public Investment Fund (PIF) to build a business model and tap into the investment opportunities developed by the sector.  

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