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Saudi Industry Minister Reviews Italian Experience in Industrial Innovation Development

Ayda Salem
The trip is part of a broader effort to attract foreign investment and promote Saudi Arabia's National Industrial Strategy through global partnerships.
Saudi Minister of Industry Bandar bin Ibrahim Alkhorayef visited Italy's ALISEI Innovation Center to strengthen ties in industrial research and innovation.

Milan, October 15, 2024 – The Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Alkhorayef, conducted a high-level visit to the ALISEI National Innovation, Science, and Technology Center in Milan, Italy. The visit is part of the Minister’s broader initiative to strengthen Saudi Arabia's industrial ties with key international partners and enhance collaboration in the fields of industrial research and innovation.


During his visit, Minister Alkhorayef was received by the president of ALISEI, alongside the CEO of Saudi Arabia's National Industrial Development Center (NIDC), Engineer Saleh Al-Solami. The delegation was given an extensive tour of ALISEI’s state-of-the-art research facilities, which include specialized research centers, advanced technical laboratories, and cutting-edge modeling centers.


The discussions between the Saudi delegation and ALISEI officials revolved around deepening bilateral cooperation in industrial innovation. Key areas of focus included opportunities to exchange expertise, align research initiatives, and explore new joint ventures that could benefit both nations' industrial sectors. The meeting also highlighted Italy’s longstanding leadership in industrial innovation, with Minister Alkhorayef expressing interest in leveraging this expertise to develop innovative solutions that support Saudi Arabia’s ambitious National Industrial Strategy.


This visit marks an important step in Saudi Arabia’s efforts to build global partnerships that drive innovation, particularly in sectors identified as priorities by the Kingdom’s industrial strategy. By fostering these connections, Saudi Arabia aims to attract foreign investment and develop cutting-edge solutions that will propel the Kingdom’s industrial growth and diversify its economy.


The ALISEI visit is a critical component of Minister Alkhorayef’s official trip to Italy, where he is actively seeking to strengthen cooperation in both industrial and mining sectors. In particular, the focus is on identifying areas of mutual interest, such as leveraging Italy’s experience in advanced manufacturing and developing innovative industrial technologies that could be adapted to Saudi Arabia’s unique needs. Minister Alkhorayef’s visit reaffirms the Saudi government’s commitment to expanding international collaboration and establishing Saudi Arabia as a global leader in industrial innovation.


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