Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef stressed on Tuesday that the Kingdom has proven its strength in the field of mining, becoming a major global player in the field.
Saudi Arabia has invited Brazilian companies to invest in its mining sector, highlighting substantial growth opportunities during a visit by its top minister to the South American country.
At a roundtable meeting hosted by the Federation of Industries in Sao Paulo, Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef said that mineral production is a global issue requiring international leadership and collaboration due to its critical role in the global energy transition.
Saudi Arabia aims to attract international players as its mining sector prepares for expansion under the government’s initiative aligned with Saudi Vision 2030. This effort seeks to enhance licensing transparency, promote national industries, and boost local content development and job creation.
During the meeting, the minister said: “The Kingdom recognizes that global mineral production challenges require collective leadership. Our strategy for real progress is rooted in collaboration, and while we maintain our ambitious goals, we focus on forging strong partnerships worldwide.”
He added: “Mineral production transcends economic value; it embodies the potential of our country and people. With our rich resources, skilled workforce, and exceptional investment opportunities, the Kingdom is poised for transformative growth.”
The minister highlighted the advantages of investing in Saudi Arabia, including its abundant natural resources, skilled workforce, modern infrastructure, and supportive business environment.
Alkhorayef invited Brazilian companies to attend the fourth edition of the International Mining and Resources Conference, set to take place in Riyadh in January.
He said that the event has become the most important platform for discussing opportunities, issues, and solutions in the global mining sector, according to a statement from the ministry.
Source: www.arabnews.com
