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Assistant Undersecretary for Industrial Development Takes Part in INNOPROM International Industry Exhibition in Russia

13-07-2023

Dr. Khaled Fahad Al-Alawi, Assistant Undersecretary for Industrial Development, participated in the INNOPROM International Industrial Exhibition, held in Yekaterinburg city in Russia between10-13 July 2023.​

In a dialogue session on "Opportunities for International Cooperation for the Expansion of Russian Industrial Projects in the Middle East", Al-Alawi reviewed the industrial sector strategy (2022-2026), launched within the economic recovery plan as part of the government's plan to develop promising sectors in an aim to increase the contribution of the industrial sector to the GDP, increase exports of national origin, and create promising job opportunities for citizens.

Moreover, Al Alawi pointed to the advantages of investing in the Kingdom of Bahrain, and the government's efforts in developing the industrial sector to support the transformation towards the Fourth Industrial Revolution, apply the concepts of a circular carbon economy and achieve industrial integration to enhance the efficiency of supply chains, especially for food and pharmaceutical industries, in addition to highlighting targeted strategic industries.

The Panel Discussion gathered a number of representatives of governments and heads of bodies from the UAE, Saudi Arabia and Turkey, as well as representatives of major Russian factories.

INNOPROM is the first industrial exhibition in Russia and the region, and it represents a platform to attract foreign investments to Russia, showcasing the latest developments of Russian companies in the fields of metallurgy, electronics, cars, ships, agricultural equipment, robotics and information technology.