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Wednesday, May 25, 2022

Saudi Arabia reviews investment opportunities, infrastructure potential at Mining INDABA 2022 panel talk

Under the aegis of Minister of Industry and Mineral Resources Bandar Al-Khorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer inaugurated a panel discussion at Investing in Africa Mining Conference (Mining INDABA 2022) to review investment opportunities in Saudi Arabia and the potential of its infrastructure and legislation, which make it the first global destination for investment in the mining sector.
The panel saw the participation of several representatives of government institutions that participated within the Invest Saudi pavilion. Jamil Al-Ghamdi from National Industrial Development and Logistics Program (NIDLP) provided a general outlook on the targets and achievements of the program, while Haya Al-Qahtani from the Ministry of Investment referred to the role of the Invest Saudi program, reviewing the great potential and solid infrastructure that make the Kingdom one of the best investment environments in the world.

Jawaher Al-Dighither of the Ministry of Industry and Mineral Resources spoke about the top elements attracting exploration and mining efforts in the Kingdom, while Mustafa Makki of the Saudi Geological Survey highlighted the importance of the data resulting from geological surveys and delivered a presentation on the national geological information base and the top minerals available in the Kingdom.

Abdulrahman Al-Bloushi of the Ministry of Industry and Mineral Resources reviewed promising investment opportunities in the Kingdom, which includes several mining locations in various regions.

Saudi Arabia, through its participation, seeks to highlight its efforts in developing the mining sector, which earned revenues exceeding SR727 million ($194 million) in 2021 and succeeded in attracting investments worth over SR30 billion ($8 billion).

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