Saudi Arabia is set to host the second Multilateral Industrial Policy Forum (MIPF), affiliated with the United Nations Industrial Development Organization (UNIDO), in Riyadh this October.
This prestigious event, organized by the Kingdom’s Ministry of Industry and Mineral Resources, will take place on October 23-24.
Notably, it marks the first time the forum will be held outside UNIDO’s headquarters in Vienna.
The MIPF will feature a comprehensive agenda, including a ministerial roundtable that brings together global ministers and leaders in industrial transformation.
These influential figures will convene to review industrial policies, address challenges, and propose innovative solutions.
This gathering underscores the collaborative spirit of the forum, aiming to foster international cooperation in industrial development.
This event is a testament to Saudi Arabia’s commitment to strengthening its partnership with UNIDO and contributing to the development of innovative industrial solutions and policies.
By hosting the MIPF, Saudi Arabia aims to support industrial growth not only within its borders but also on a regional and global scale.
One of the highlights of the forum will be an accompanying exhibition, showcasing Saudi Arabia’s impressive achievements in the industrial sector.
This exhibition will spotlight initiatives aimed at localizing promising industries and highlight the significant investment opportunities available within the sector.
By doing so, it seeks to attract international investors and partners, reinforcing Saudi Arabia’s position as a key player in the global industrial arena.
The forum aligns seamlessly with Saudi Arabia’s Vision 2030 and the National Industrial Strategy, both of which emphasize the importance of enhancing the competitiveness of the industrial sector and fostering innovation and creativity.
Vision 2030 is a strategic framework aimed at reducing Saudi Arabia’s dependence on oil, diversifying its economy, and developing public service sectors.
A key component of the event will be dialogue sessions focused on utilizing clean energy sources in industry.
These sessions will feature prominent global practices aimed at improving supply chain flexibility and adaptability.
Discussions will also cover the latest digital technologies in manufacturing, including artificial intelligence.
These topics are critical as the world moves towards more sustainable and technologically advanced industrial practices.
The theme for this year’s forum is “Turning Challenges into Sustainable Solutions: The New Era of Industrial Policy.”
This theme reflects the forum’s goal of addressing current industrial challenges and turning them into opportunities for sustainable growth.
By attracting around 3,000 industry leaders, decision-makers, CEOs, specialists, and individuals interested in advancing industrial policies, the forum aims to create a dynamic platform for knowledge exchange and collaboration.
In summary, the second Multilateral Industrial Policy Forum in Riyadh represents a significant milestone for Saudi Arabia’s industrial sector.
It provides a unique opportunity to showcase the Kingdom’s achievements, attract international investment, and foster global cooperation in industrial development.
The forum’s alignment with Vision 2030 and the National Industrial Strategy further underscores its importance in driving innovation and competitiveness in the industrial sector.
With a focus on sustainable solutions and cutting-edge technologies, the MIPF promises to be a landmark event that will shape the future of industrial policy on a global scale.
