Riyadh to Host Multilateral Industrial Policy Forum to Enhance Global Cooperation
Riyadh, October 15, 2024, SPA -- The Kingdom of Saudi Arabia will host the Multilateral Industrial Policy Forum (MIPF) of the United Nations Industrial Development Organization (UNIDO).
Co-organized by the Ministry of Industry and Mineral Resources, the forum will take place in Riyadh on October 23 and 24, bringing together a host of ministers, industrial transformation leaders, experts, investors, and researchers worldwide. The event aims to strengthen partnerships with UNIDO and its programs and contribute to developing innovative industrial policies that support regional and global industrial development.
A global platform being held in Saudi Arabia for the first time, the forum is a leading international platform to showcase the best global practices for addressing industrial challenges. It also provides a unique opportunity to exchange ideas, expertise, and knowledge on a global scale. The forum will highlight Saudi Arabia's industrial achievements through an accompanying exhibition featuring initiatives to localize promising industries. Key themes include sustainable industrial policy, digital technologies such as AI in manufacturing, energy transition, and enhancing the resilience of global supply chains to adapt to changing dynamics.
High-Level Local and International Participation Over Two Days
The forum will host several high-profile roundtable discussions, including participation from minister of energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud; prime minister of the Republic of Guinea Amadou Oury Bah; Arab Republic of Egypt deputy prime minister for industrial development and minister of industry and transport Kamel El-Wazir; Republic of Singapore deputy prime minister and minister of trade and industry Gan Kim Yong; supervisor-general of the King Salman Humanitarian Aid and Relief Center Dr. Abdullah Al-Rabeeah; Saudi minister of industry and mineral resources Bandar bin Ibrahim Al-Khorayef; Kingdom of Bahrain minister of industry and commerce Abdullah bin Adel Fakhro; United Arab Emirates minister of industry and advanced technology Sultan Al-Jaber; and ministers of industry, energy, and trade from the Hashemite Kingdom of Jordan, the Kingdom of Morocco, the People's Republic of China, the Federative Republic of Brazil, and a group of ministers and industrial transformation leaders from various continents around the world.
The forum will be attended by a distinguished group of decision-makers, experts, and chief executives regionally and internationally, as well as prominent speakers representing various government sectors, private sectors, and major global companies.
Fostering International Cooperation for Sustainable Development
The forum will address essential themes to ensure a balance between national interests, regional cooperation, and international governance, aligning with global commitments to the UN’s 2030 Industrial Development Agenda and Sustainable Development Goals (SDGs). Discussions will focus on advancing the fourth industrial revolution by integrating modern technologies and enhancing the synergy between the manufacturing and services sectors. The forum highlights the importance of adopting a sustainable approach to industry to address environmental and climate challenges, emphasizing a green transition to enhance competitiveness and meet changing market needs.
The forum will also review the challenges exposed by the COVID-19 pandemic to global supply chains by discussing ways to improve their resilience and diversification to ensure quick recovery from crises. The forum's diverse activities will include roundtable discussions, workshops, and bilateral meetings aimed at enhancing cooperation and developing innovative, sustainable solutions in the industrial sector.
The forum aims to showcase the sector's unique investment opportunities and foster strategic international partnerships. It also focuses on driving innovation, supporting competitiveness, and developing sustainable solutions that contribute to long-term economic growth and stability at both local and global levels.
--SPA
