Saudi Arabia highlighted its industrial strengths and $2.5 trillion mineral wealth at INNOPROM 2025, which was hosted in the Russian Federation. The Saudi Pavilion conducted focused workshops to promote industry collaboration and introduce the Kingdom’s developing investment climate. The sessions focused on competitive advantages in mining, industry, and energy.

The Ministry of Industry and Mineral Resources led discussions regarding Saudi Arabia’s evolving industrial sector and the goals of its National Industrial Strategy. The talks focused on the Kingdom’s strategic location, vast rail networks, important ports, and more than 40 industrial cities that support manufacturing and logistics.

Another workshop discussed the Standard Incentive Program, which offers financial incentives of up to 35%, capped at SAR 50 million per project, with an emphasis on aerospace, pharmaceuticals, automotive, and downstream chemicals. The Saudi Industrial Development Fund outlined its financing and advising services for industrial initiatives, while the Saudi Export-Import Bank discussed export credit and supply chain financing to boost non-oil industry competitiveness.

Mining and energy remained top priorities, with ambitions to boost the mining sector’s GDP contribution to $64 billion by 2030. Saudi Arabia’s participation in INNOPROM 2025 underscored its commitment to expanding non-oil exports, attracting global investment, and enhancing industrial cooperation with Russian and international partners.