Saudi Arabia to Host Key Industrial Policy Forum in October

Saudi Arabia is set to host the second Multilateral Industrial Policy Forum in Riyadh on October 23-24. This forum, associated with the United Nations Industrial Development Organization (UNIDO), marks the first occasion it will be held outside UNIDO’s Vienna headquarters.

Organized by the Kingdom’s Ministry of Industry and Mineral Resources, the forum will gather global ministers and leaders to discuss industrial policy, transformation, and challenges. The agenda includes a high-level ministerial roundtable aimed at reviewing and addressing key issues in industrial development.

The decision to hold the forum in Riyadh underscores Saudi Arabia’s growing role in international industrial and economic policy discussions. This move is seen as a significant step in the Kingdom’s efforts to enhance its influence on global industrial strategies and to showcase its commitment to advancing industrial innovation and sustainable development.

The forum is expected to feature a series of discussions on current and future industrial policies, examining the impact of these policies on global and regional economic landscapes. Participants will address challenges such as technological advancements, sustainability, and policy alignment to foster a more integrated and resilient industrial sector.

Saudi Arabia’s hosting of this event aligns with its Vision 2030 goals, which aim to diversify the economy and position the Kingdom as a leading global player in various sectors. The event is anticipated to provide a platform for sharing insights and developing collaborative solutions to common industrial challenges faced by countries around the world.

Key topics on the agenda include the adaptation of industrial policies to emerging technologies, strategies for enhancing industrial competitiveness, and measures to support sustainable industrial growth. The forum will also focus on fostering international cooperation and building partnerships to drive global industrial progress.

As Saudi Arabia prepares for this significant event, it highlights the Kingdom’s strategic approach to engaging with global industrial leaders and policymakers. The forum is expected to facilitate meaningful discussions that could shape future industrial policies and strategies on an international scale.

The gathering in Riyadh reflects broader trends in international industrial policy, where collaboration and innovation are increasingly central to addressing complex global challenges. By hosting this forum, Saudi Arabia aims to contribute to shaping a more dynamic and sustainable industrial future.
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