The Saudi Deputy Minister of Industry and Mineral Resources, Ing. Osama bin Abdulaziz Al-Zamil, said that the number of factories operating in the plastics sector in the Kingdom has reached over 1,321 factories, with estimated investments in over 35 billion riyals, representing 2.62% of the total volume of industrial sector investments in the Kingdom.
Al-Zamil’s statements came during the opening of the International Polymer Forum and the Plastics Manufacturers Exhibition 2022, which began its work at the Riyadh International Convention and Exhibition Center, in the presence of some experts and specialists, and a group of specialized companies in this field yesterday, Saturday.
In his speech, the Deputy Minister of Industry and Mineral Resources said the forum is of great importance in strengthening the Kingdom’s industrial status locally and globally and establishes the encouragement and development of industrial thinking in specialized sectors in manufacturing. of plastics and rubber and associated manufacturing industries, in how much does the competitiveness of national products improve.
He pointed out that the forum is an important opportunity to add a new movement to the industrial sector in the Kingdom through the optimal use of the plastics industry and its manufacturing industries, which have become at the forefront of current industries, given their multiple uses in other promising sectors such as food, automotive, marine and medical supplies, as well as other uses in everyday life.
He noted that investing in plastics helps to increase the productivity and the desired intensity of the production process thanks to the ease of recycling of the same, which reduces environmental pollution, as well as reducing production costs.
Al-Zamil stressed that the Kingdom has great ambitions in the development of the industrial sector, in based on its importance in the Kingdom Vision 2030 in terms of an important role in the diversification of the economic base and in the creation of investment and job opportunities for citizens, which is what the industrial system operates in all its sectors helping industrial investors to complete their work and achieve their goals, obtaining promising opportunities for growth and development, not only in meeting local needs, but also working to increase exports so that the Kingdom is a platform global logistics.
Read More About: Business News