RIYADH: The Saudi Arabian oil industry still dominates the country’s economy, but can be used as a springboard for diversification and transformation, the minister of industry and minerals told Arab News.
Bandar Alkhorayef, who is overseeing an expansion of the Kingdom’s industrial base and its vast mineral resources, said: “Definitely, (the expansion) is going to help the industrial sector in developing its capabilities, to ensure that the sector is built in a manner that will help our oil and gas (sector), by supporting the base to make it resilient and providing the local (industry) time (to build up its) oil and gas capabilities.
“It is important to look at how we can use this resource of oil and gas for downstream…