RIYADH: Saudi Arabia will host global leaders and policymakers in Riyadh on Nov. 22 for the 11th Ministerial Conference of the Least Developed Countries.
The event aims to accelerate inclusive industrialization through investment, innovation, and strategic partnerships, according to the Saudi Press Agency.
Organized by the UN Industrial Development Organization in cooperation with the Saudi Ministry of Industry and Mineral Resources, the conference provides a global platform to discuss industrial development in the world’s least developed countries.
It reinforces the international commitment to supporting 44 countries in Africa, Asia, the Pacific, and the Caribbean, the SPA added.
The event will focus on enabling access to financing, promoting knowledge and technology exchange, stimulating trade, and helping the least developed countries integrate into regional and global value chains.
Key discussions will explore innovative financial mechanisms to mobilize capital, the role of development finance institutions and multilateral banks, and industrial policies that drive diversification, value addition, and technological upgrading.
The conference will open with a high-level session titled “Uniting for Progress by Innovation.” This will be followed by a ministerial dialogue on fostering sustainable investment, nurturing innovation ecosystems, and building inclusive industrial capabilities.
Discussions will highlight synergies between national priorities and global opportunities, emphasizing regional integration and public-private partnerships.
By hosting the conference, Saudi Arabia reaffirms its growing role as a global center for sustainable industrial development and international cooperation. It bridges developed and developing economies in support of inclusive growth, the SPA reported.
The Kingdom will further strengthen this role by hosting the 21st General Conference of the UN Industrial Development Organization in Riyadh from Nov. 23 to 27.
The event will bring together representatives from 173 member states, government leaders, private-sector stakeholders, and international organizations, highlighting Saudi Arabia’s position as a global partner in advancing industrial development.
