The “2nd Saudi Iron & Steel Conference” concluded its work today successfully with a remarkable attendance of nearly 1,000 participants, which was organized by the National Committee for Steel Industry of the Federation of Saudi Chambers at the Four Seasons Hotel in the capital, Riyadh, under the patronage of His Excellency the Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef, and His Excellency the Minister of Investment Eng. Khalid Bin Abdulaziz Al-Falih, and attracted elite of the pioneers of this industry and its investors in Saudi Arabia, the world and the region.
During the last session of the conference, which was held under the title: “Lessons Learned and Next Steps”, His Excellency the Minister of Industry and Mineral Resources Bandar Al-Khorayef expressed his happiness with the successes achieved by the second and first conferences that strengthen the Saudi iron industry. face their challenges.
During the session, which was moderated by Eng. Raed Al-Ajaji, Chairman of the National Iron Committee, His Excellency stressed that the Ministry of Industry and all relevant government agencies are working to support the iron industry and make sure that the iron sector works efficiently and protects the local market from unfair competition. He also stressed that the Kingdom’s government is committed to the policy of dialogue with Industry leaders in all other sectors, and are ready for dialogue and decision-making that support the national industry.
He added that the ministry deals with many global changes and standards of management, environment and governance (ESG) in the field of project management, in addition to the interest in innovations and artificial intelligence, and stressed that the Saudi investment environment is attractive as a result of stability and distinguished infrastructure, and therefore the investment opportunities that pose challenges in other countries are In Saudi Arabia there are real opportunities.
He said that there are challenges beyond the control of iron and steel makers in Saudi Arabia, expressing their support for the national steel industry to be able to provide value-added products that meet the needs of the local market and allow crossing borders for foreign markets, pointing out that the private sector has always been more daring to take decisions, and the government Ready to intervene at the appropriate time to support the private sector, as it did during the Corona pandemic.
On its last day, the conference held 3 other working sessions, the first entitled “Modern Economic Cities”, the second “Industry, Investment and Innovation” and the third “Iron Pipes Connecting the Kingdom of Saudi Arabia”, and a crowd of experts and CEOs of major companies in the field of iron production in Saudi Arabia and the world participated in the discussion. .