Saudi Ministry of Industry and WEF sign agreement to advance industrial transformation
Saudi Arabia has reinforced its standing as a
global leader in industrial development by signing a cooperation agreement
between the Ministry of Industry and Mineral Resources and the World Economic
Forum (WEF) to advance national industrial transformation pathways.
The agreement builds on frameworks initially
developed at Oxagon, NEOM’s advanced and sustainable industrial city in
northwest Saudi Arabia, and reflects the Kingdom’s commitment to shaping the
future of industry through innovation and collaboration.
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Under the agreement, the parties will develop a
scalable and structured model for industrial transformation by strengthening
capabilities and building competencies across the Kingdom’s industrial
ecosystem. This approach is intended to further position the Kingdom as a leading
regional hub for industrial transformation.
The cooperation also seeks to accelerate
industrial modernization and technology adoption through the development of a
digital toolkit that supports organizations throughout their transformation
journey.
In addition, the framework highlights the
Kingdom’s leadership in adopting and advancing international best practices in
industrial transformation, as well as its contribution to the global Lighthouse
Operating System initiative.
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Oxagon
The Lighthouse Operating System was developed
domestically by Oxagon, a subsidiary of NEOM, as a pioneering national model
for industrial transformation. It has been designed, implemented, and
continuously enhanced in alignment with the highest global standards and best
practices.
Source:
Neom
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