JEDDAH: Saudi Arabia\u2019s Al-Baha region has unveiled SR89 million ($24 million) in industrial projects aimed at attracting investment, creating jobs, and developing its mining and small and medium enterprises sectors.\u00a0<\/p>\r\n
Prince Hussam bin Saud bin Abdulaziz, governor of the southwestern region, inaugurated several infrastructure and utility projects at the First Industrial City in Al-Baha, part of efforts to strengthen the local industrial and investment environment.\u00a0<\/p>\r\n
The launch was attended by Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, who also chairs the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, along with its CEO Majed bin Raed Al-Argoubi, according to a statement.\u00a0<\/p>\r\n
Al-Baha holds significant untapped mineral wealth, which Saudi Arabia aims to explore as mining emerges as a key driver of economic diversification under Vision 2030.\u00a0<\/p>\r\n
The Ministry of Industry and Mineral Resources recently highlighted the region\u2019s deposits of precious and base metals, including gold, silver, copper, zinc, and lead, alongside industrial rocks and ornamental stones such as feldspar, marble, and pozzolan, estimating the value of these resources at SR285.4 billion.\u00a0<\/p>\r\n
The newly launched projects include integrated service and logistics facilities in the industrial city, which \u201cwill help attract more quality investments, in line with Saudi Vision 2030 objectives to support regional development and empower the industrial sector,\u201d the statement said.\u00a0<\/p>\r\n
Multiple memorandums of understanding were also signed to promote investment, develop national competencies, and strengthen cooperation with academic and professional institutions, including the Technical and Vocational Training Corp. and Al-Baha University.\u00a0<\/p>\r\n
\u201cThe agreements aim to enhance collaboration in training, exchanging experiences, qualifying graduates for employment in the industrial sector, and supporting small and medium enterprises through joint programs that contribute to both investment and industrial efficiency in the region,\u201d the statement added.\u00a0<\/p>\r\n
Prince Hussam said the projects underscore the Kingdom\u2019s commitment to advancing the sector, attracting investment, creating youth employment, and boosting SMEs through collaboration with universities and educational institutions.\u00a0<\/p>\r\n
Alkhorayef stressed that the industrial and mining sectors are vital for Vision 2030, contributing significantly to economic diversification.\u00a0<\/p>\r\n
\u201cHe explained that the ministry seeks to extend its initiatives to all regions of the Kingdom, including Al-Baha, by enabling the local industrial environment and promoting unique industries that will enhance the region\u2019s economic role,\u201d the statement said.\u00a0<\/p>\r\n
The ministry is collaborating with major companies on exploration, creating investment opportunities in mining and downstream industries, and encouraging investors to seize these prospects.\u00a0<\/p>\r\n
By July, the region had granted 39 mining licenses, representing total investments of SR117 million.\u00a0<\/p>\r\n
Al-Baha\u2019s industrial base comprises 49 factories: 34 in building materials, nine in food production, five in plastics and rubber, with the remainder in chemicals, metals, and other sectors, according to ministry spokesperson Jarrah Al-Jarrah.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"
JEDDAH: Saudi Arabia\u2019s Al-Baha region has unveiled SR89 million ($24 million) in industrial projects aimed at attracting investment, creating jobs, and developing its mining and small and medium enterprises sectors.\u00a0 Prince Hussam bin Saud bin Abdulaziz, governor of the southwestern region, inaugurated several infrastructure and utility projects at the First Industrial City in Al-Baha, part of efforts to strengthen the local industrial and investment environment.\u00a0 The launch was attended by Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, who also chairs the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, along with its CEO Majed<\/p>\n","protected":false},"author":1,"featured_media":49031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11169],"tags":[13118,13119,13121,13122,13125],"class_list":["post-70","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en-category-news","tag-journal","tag-news","tag-opinion","tag-politics","tag-world"],"yoast_head":"\n