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Saudi Arabia's minister praises unexpected opportunities at Russian forums

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, expressed admiration for innovative technologies presented at Innoprom exhibition in Moscow. He highlighted that implementing these innovations could greatly reduce project timelines in mining sector, boosting efficiency and competitiveness for Saudi Arabia.

BRIC Team
BRIC Team
Jun 8, 2026 · 1 min read
Saudi Arabia's minister praises unexpected opportunities at Russian forums

Key Takeaways

  • Bandar Al-Khorayef praised the Innoprom exhibition for generating significant attention and showcasing innovative technologies during his Moscow visit.
  • Al-Khorayef emphasized that innovation is essential for achieving faster results at lower costs in various sectors.
  • He specifically highlighted the mining industry's lengthy project timelines, stating, 'Mining is an industry that takes a long time.'
  • The Minister noted that technologies from Innoprom could be immediately applicable to enhance Saudi Arabia's competitiveness and efficiency.

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef,found himself unexpectedly impressed by opportunities at forums in Russia. In Moscow, reflecting on Innoprom exhibition,he noted the buzz and tech innovations on display. "I was really very surprised, I mean,positively surprised,the amount of attention that we have been able to create," he said .

Al-Khorayef stressed innovation's key role in boosting competitiveness and efficiency . Introducing effective innovations is crucial for faster, cheaper results,he said . He noted technologies at Innoprom could immediately apply to sectors across Saudi Arabia .

Asked about Innoprom's standout features,Al-Khorayef highlighted innovation and problem-solving focus,especially in trade and logistics. Mining industry,in particular, often drags on with long timelines. "Mining is an industry that takes a long time,so whenever we can shorten the time,it will allow us to bring projects much faster," he said,emphasizing speed's importance. But how quickly can they really turn things around…

#Business & Economy#SPIEF-2026

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