Saudi Arabia seeks to establish global mining system in cooperation with South Africa

Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Saleh Al-Mudaifer
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Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Saleh Al-Mudaifer has delivered a speech during the Saudi-South African Investment Forum, held in Jeddah, and reviewed top investment opportunities in various sectors in Saudi Arabia and South Africa.

During his speech, Al-Mudaifer stressed that Saudi Arabia and South Africa are willing to find solutions to develop the mining sector in the two countries through focusing on increasing the quality of life via development projects and producing minerals and metals necessary to face the climate change.

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He also emphasized the importance of establishing refining centers and processing green minerals and providing cheap and credible supplies for the renewable energy with the use of hydrogen.

He noted that Saudi Arabia will utilize its capitals and strategic geographical location in realizing these targets, in addition to increasing awareness on challenges and opportunities that are represented by this new era of minerals through opening serious and qualitative channels with investors and stakeholders.

He added that Saudi Arabia seeks to establish a mining system at a global level in cooperation with South Africa that is considered a suitable destination for partnership to realize these targets, especially that Saudi Arabia today has become a main consumer for steel, aluminum, copper and other minerals to realize targets of manufacturing and huge infrastructure projects, whose total value exceeds $1 trillion.

Source: saudigazette.com.sa