Saudi Arabia Strengthens Mining and Energy Partnerships with US and Japan
Multilateral talks focus on cooperation opportunities in mineral exploration, advanced mining technologies, and investment.
Riyadh: On the sidelines of the Milken Institute Global Conference 2026 in Washington, D.C., Bandar bin Ibrahim Alkhorayef, Saudi Arabia's Minister of Industry and Mineral Resources, engaged in multilateral discussions with senior executives from US firms DCVC and Tidal Metals to explore collaboration opportunities in the mining and critical minerals sector.
The talks encompassed potential joint engagement in mineral exploration, advanced mining technologies, and investment possibilities in critical and strategic minerals, sectors deemed essential for bolstering strategic industries and fortifying supply chain resilience amid evolving global circumstances.
Alkhorayef highlighted Saudi Arabia's abundant mineral resources, favorable investment and regulatory environment, as well as its state-of-the-art infrastructure, asserting these as key factors to attract high-quality investments in alignment with the Kingdom’s Vision 2030 objectives.
He also underscored the significance of forging partnerships with the global private sector to foster the development of the Saudi mining industry.
DCVC is recognized for its specialization in deep technology-focused investment, particularly in science and engineering-driven innovations such as those related to natural resources and industrial supply chains.
Tidal Metals, on the other hand, concentrates on implementing modern technologies for the extraction and processing of minerals utilized in advanced industries.
Separately, Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, conducted a virtual meeting with Japan’s Minister of Economy, Trade and Industry to bolster and advance the longstanding strategic partnership between both nations within the energy sector.
Both ministers emphasized the robustness and depth of their bilateral relations and discussed avenues for expanding cooperation, particularly in energy.
Prince Abdulaziz bin Salman and Akazawa Ryosei, Japan's Minister of Economy, Trade and Industry, also touched upon the significance of sustained coordination to ensure the stability and security of global energy markets.
They further explored prospects for broadening collaboration across energy supply chains, infrastructure, strategic storage solutions, and investments.
Following their discussions, both sides agreed to establish a joint working group aimed at convening promptly.
This group will review proposals from Japan and Saudi Arabia, as well as consider additional cooperation opportunities with other Asian nations in the energy sector.
The two ministers expressed their enthusiasm for continued dialogue and reaffirmed their dedication to advancing the strategic Saudi-Japanese energy partnership.
The talks encompassed potential joint engagement in mineral exploration, advanced mining technologies, and investment possibilities in critical and strategic minerals, sectors deemed essential for bolstering strategic industries and fortifying supply chain resilience amid evolving global circumstances.
Alkhorayef highlighted Saudi Arabia's abundant mineral resources, favorable investment and regulatory environment, as well as its state-of-the-art infrastructure, asserting these as key factors to attract high-quality investments in alignment with the Kingdom’s Vision 2030 objectives.
He also underscored the significance of forging partnerships with the global private sector to foster the development of the Saudi mining industry.
DCVC is recognized for its specialization in deep technology-focused investment, particularly in science and engineering-driven innovations such as those related to natural resources and industrial supply chains.
Tidal Metals, on the other hand, concentrates on implementing modern technologies for the extraction and processing of minerals utilized in advanced industries.
Separately, Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, conducted a virtual meeting with Japan’s Minister of Economy, Trade and Industry to bolster and advance the longstanding strategic partnership between both nations within the energy sector.
Both ministers emphasized the robustness and depth of their bilateral relations and discussed avenues for expanding cooperation, particularly in energy.
Prince Abdulaziz bin Salman and Akazawa Ryosei, Japan's Minister of Economy, Trade and Industry, also touched upon the significance of sustained coordination to ensure the stability and security of global energy markets.
They further explored prospects for broadening collaboration across energy supply chains, infrastructure, strategic storage solutions, and investments.
Following their discussions, both sides agreed to establish a joint working group aimed at convening promptly.
This group will review proposals from Japan and Saudi Arabia, as well as consider additional cooperation opportunities with other Asian nations in the energy sector.
The two ministers expressed their enthusiasm for continued dialogue and reaffirmed their dedication to advancing the strategic Saudi-Japanese energy partnership.
