Saudi Arabia is accelerating its use of advanced mining technologies as it seeks to strengthen its mining sector and attract global investment.
During MINExpo International 2024 in Las Vegas, Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar bin Ibrahim Alkhorayef, met with top executives from leading US companies to discuss localizing innovative solutions and exploring investment opportunities.
The Kingdom, with mineral wealth valued at $2.4 trillion, is focused on establishing mining as a key industrial pillar. During his visit, Alkhorayef held meetings with firms such as Thiess, Weir Group, Sandvik, and Hexagon to discuss potential collaborations in mining machinery, digital solutions, and other advanced technologies.
In addition to mining, Alkhorayef explored partnerships in aviation and space, visiting companies like JetZero and SpaceX, aligning with Saudi Arabia’s National Industrial Strategy. These engagements underscore the Kingdom’s commitment to diversifying its economy and advancing technological innovation across sectors.
