Translation. Region: Russian Federation –
Source: United Nations – United Nations –
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Conor Lenon, Riyadh
November 27, 2025 Economic development
The international community took another step towards making industrial development greener and fairer: on Thursday, the final day of the Global Industrial Summit in the Saudi capital, the Riyadh Declaration was adopted.
The world is inexorably moving toward further industrialization, opening up opportunities to create decent jobs and improve the well-being of millions of the world's poorest people. But for industrial growth to truly benefit the entire population and the planet, international trade and industry must develop with a view to reducing emissions.
This hasn't always been the case in the past, but the United Nations Industrial Development Organization (UNIDO) is striving to change that. "We're well aware of the challenges and problems, but we're here to offer solutions," says Manuel Mattiat, head of UNIDO. "With the knowledge we have, the technologies we have, and the financial resources we have, anything is possible."
Investing in the Global South
United Nations News Service
Manuel Mattiat, Head of UNIDO
Mattiat spoke to UN News on the final day of the summit, which discussed a wide range of issues related to industrial development in the Global South, from youth entrepreneurship to women's empowerment in business.
Against a backdrop of unprecedented attention to the UN's work, the Riyadh conference showcases the expertise and knowledge that the world's leading multilateral organization can offer investors and businesses, as well as a range of practical solutions aimed at helping the most vulnerable people escape poverty.
"We're here to build bridges," explains Matiat. "Many developed, industrialized countries with resources and a high level of development are ready to invest, but they haven't yet found suitable entry points. That's why we're here in Riyadh: to mobilize investment for the least developed countries."
United Nations News Service/K. Lennon
People come first
On Thursday, representatives of UNIDO Member States – both developed and developing – adopted the Riyadh Declaration, which calls for strengthened cooperation between governments, business and civil society to ensure that industrialization contributes to a green economy, equitable opportunities and improved living conditions.
The declaration, which draws attention to youth issues and women's rights, aims to expand access to skills and employment for all groups. The document emphasizes the importance of innovation and digital transformation – developing countries must be able to take advantage of new technologies and compete effectively in global markets.
The adoption of the declaration is seen as a turning point in global industrial policy: it lays the foundation for mobilizing resources and achieving tangible results for communities around the world.
Riyadh Declaration: in brief
Promotes inclusive and sustainable industrial development as a driver of poverty reduction, job creation, and resilience. Calls for sustainable practices consistent with the Paris Agreement and UN climate goals. Encourages digital transformation and innovation to bridge the technological divide. Emphasizes the importance of multilateral cooperation in addressing global challenges such as inequality and climate change.
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