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Tuesday, Aug 16, 2022

UK workshop seeks to lure investors to Saudi Arabia's mining sector

UK workshop seeks to lure investors to Saudi Arabia's mining sector

Saudi Arabia’s Ministry of Industry and Mineral Resources, in cooperation with the Saudi British Business Council in London, organized on Friday a workshop themed "The Kingdom of Saudi Arabia: The Next Global Station for Mining", aimed at introducing investment opportunities in the mining sector.
Mining constitutes the third pillar of the Saudi industrial growth plan, with a contribution to the gross domestic product of an estimated $64 billion by 2030.

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef explained in his opening speech that the ministry is keen to create an attractive investment environment in the country.

He cited several important initiatives for investors, including new regulations, which provide clear and fair legal support for the investor to achieve maximum benefits from investing in mineral resources in the Kingdom.

Chairman of the Saudi-British Business Council Sherard Cowper-Coles underlined that the next generation of the Kingdom's youth owes it to Crown Prince Mohammed bin Salman for the initiatives he launched which led to a modern and open economy.

Cowper-Coles called on investors to visit the Kingdom, explore the environmental and cultural diversity and the vast investment opportunities that are available, visit the city of NEOM, and communicate with major Saudi national companies such as Aramco.

For his part, Director of the Ministry’s Office in London Abdulaziz Al-Ghifaili reiterated that the Kingdom welcomes investors in all promising sectors, including the mining sector. He highlighted the incentives available to foreign investors, including the Invest in Saudi platform, which facilitates the investor's journey.

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