Al-Khorayef added, according to Okaz newspaper, today, Monday, that these factories provide job opportunities for 600 thousand workers, of whom 220 thousand are Saudi workers, in addition to 1800 licenses in the field of mining that contribute to the creation of 13 thousand jobs, indicating that the value of investments in the industrial sector amounted to one trillion riyals. In the mining sector, 300 million riyals.
Al-Khorayef stressed the importance of building institutes to support the employment of citizens and investing in people, especially as the state supports the private sector to create direct and indirect job opportunities for citizens, and to qualify young men and women for the labor market..
He continued: There are industries built on natural resources such as gas, oil and minerals, and during the recent period the ministry is working to deepen the added value from these resources, instead of exporting them to the world without added value, which will be reflected in a deepening of the added value that the economy reaps from these resources, which is what Urging the competent authorities to separate industry and mineral wealth into an independent ministry, so that it can be optimally utilized in the coming period.
And the Minister of Industry stated that Saudi Arabia is one of the least countries that suffered from a lack of supplies during the Corona pandemic, and citizens did not feel any shortage of food or medicine..
Al-Khorayef confirmed that Saudi Arabia has begun to study the comparison regarding the feasibility of the auto industry, indicating that electric cars are a new sector, and the Kingdom can invest in them, especially in the field of batteries, in light of the great growth of electric cars during the recent period.
He stressed that the state supports the private sector to create direct and indirect job opportunities for citizens, noting that during the next few weeks there will be two projects in the field of mineral exploration that aim to obtain accurate information on natural resources..
Al-Khorayef explained that the preference for foreign investments from one country to another is not correct, and there is no preference for the Saudi investor over the foreigner, but foreign investments must be qualitative, such as transfer of technologies and their use in industry and mining, as some investors who have certain industries make the industry develop faster.
Al-Khorayef added that Saudi Arabia has allocated two billion riyals to survey the entire Arabian Shield and discover minerals in it, and within the next few weeks there will be two projects to obtain accurate information on natural resources. Which will positively affect the local economy.
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