Dammam, Saudi Arabia — The Ministry of Industry and Mineral Resources today launched its participation in the Iktifaa Forum and Exhibition 2025, organized by Saudi Aramco in the city of Dammam. Running from January 13 to 16, the forum is held under the theme "An Ecosystem of Opportunities" and explores opportunities for developing local supply chains and delivering key localization projects.

The Ministry's Pavilion: A Window Onto the Industrial Future

The Ministry is taking part with a flagship pavilion showcasing innovative solutions in the energy, industry and mining sectors. It is also presenting the key achievements and initiatives of the National Industrial Strategy, a road map aimed at driving industrial transformation and boosting economic diversification in the Kingdom.

The pavilion highlights achievements including:

  • Growth of the industrial base: the number of factories reached 11,700 by the end of 2024.
  • Stronger competitiveness: the Kingdom rose to 33rd place on the Competitive Industrial Performance (CIP) Index, according to the 2024 report by the United Nations Industrial Development Organization (UNIDO).

Forum Objectives

The forum focuses on discussing key issues such as:

  • Innovation in the energy sector.
  • Strengthening local content.
  • Supporting supply chain development.

The participation offers an opportunity to strengthen partnerships with the private sector and highlight the Kingdom's role as a global hub for industry and innovation.