Global Industry Summit in Riyadh Discusses Industrial Investment and Manufacturing Growth in Africa

   Riyadh, November 25, 2025, SPA -- Riyadh concluded the second day of the 21st General Conference of the United Nations Industrial Development Organization (UNIDO), which focused on boosting industrial investments and accelerating manufacturing in Africa through bankable projects and cross-regional partnerships.
   The sessions brought together ministers, investment officials, and international and African development finance institutions.
   Minister of Industry and Mineral Resources Bandar Alkhorayef reaffirmed the Kingdom’s ambition to become a leading global destination for industrial investment, supported by high-value opportunities, enablers, and incentives. He also highlighted youth-driven programs, such as “Made in Saudi” and “Factories of the Future”, and their role in supporting economic diversification.
   In another session, Minister of Investment Khalid Al-Falih noted the emergence of a new global supply-chain landscape built around interconnected regional clusters, stressing that the Kingdom has become a central player in reshaping these chains.
   The sessions also showcased notable examples, including the Africa Finance Corporation’s $17 billion in investments and the Lobito Corridor, which has reduced cargo transit times to about one week, enhancing regional transport and trade efficiency.
   -- SPA