“Industry” signs a memorandum of understanding with the Emirate of Qassim to raise the percentage of investors


The Ministry of Industry and Mineral Resources signed a Memorandum of Understanding with the Emirate of Al-Qassim region, with the aim of increasing the proportion of investors, entrepreneurs and business leaders in the industrial sector in the region and overcoming the obstacles and challenges facing investors in a way that contributes to achieving sustainable economic development. The Ministry of Industry and Mineral Resources stated in a press statement that this memorandum seeks to work to highlight and market the products of factories in the Qassim region by introducing them inside and outside the Kingdom and motivating them to participate in international exhibitions, and enabling them to create an electronic window to market their products and services locally and internationally.

The ministry stated that the memorandum comes as an added value to stimulate private sector institutions and enable them to benefit from government services, such as registration with the Export Development Authority, the Made in Saudi program, and government support packages. The memo also aims to empower small and medium enterprises, entrepreneurs and entrepreneurs, and investors and those interested in investing in the industrial sector in the Qassim region, in line with the Kingdom’s 2030 vision, which aims to advance the industrial and mining sectors, and contribute to achieving sustainable development.

The memorandum of understanding was signed by Ahmed Al-Mushaiqeh, Secretary General of the Small and Medium Enterprises Development Program in the emirate of the region, and Badr Al-Fouda, Assistant Minister of Industry for Industry Affairs.

The Ministry of Industry and Mineral Resources affirmed that it seeks to strengthen its constructive partnership with investors in the private sector, and to push the wheel of development and innovation in services and products, and to develop the industrial sector, in pursuit of the Kingdom’s leadership in this field.

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