Doha: Minister of Industry and Mineral Resources Bandar Alkhorayef discussed the Kingdom's swift progress in localizing the automotive industry during his participation in a dialogue session at the Qatar Economic Forum in Doha. He highlighted the country's emergence as a key player in car re-exports, driven by advancements in infrastructure and logistics services. He also discussed the Kingdom's focus on the future of the electric vehicle industry to achieve the goals of transitioning to clean energy, as per the goals of Vision 2030.

According to Saudi Press Agency, Alkhorayef noted that industrial transformation, the adoption of advanced manufacturing technologies, and the deployment of applications from the Fourth Industrial Revolution, including AI and robotics, require a robust digital infrastructure. He pointed out that the Kingdom has made substantial progress in this area through targeted investments in digital infrastructure and the implementation of regulations and laws to ensure privacy and cybersecurity.

He stated that 2024 saw a significant leap in the performance of non-oil exports, with their contribution to GDP rising from 16% to 25%. This achievement stems from effective government policies, a favorable investment environment, and active engagement from the private sector.