https://www.miningweekly.com

Saudi Arabia ‘very much open for business’, official tells mining event

15th September 2021

By: Creamer Media Reporter

     

Font size: - +

Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers.

Saudi has singled out mining to become the third pillar of the country’s industrial growth and has attracted significant domestic and international investment in mining commodities, like gold, phosphate and aluminium.

In a press release issued by the Ministry of Industry and Mineral Resources, Barrick COO for Africa and Middle East, Willem Jacobs, is quoted as saying that Saudi is well positioned for export markets to the east and west.

“We find it very easy to reach export markets from where we are,” Jacobs said. He added that the major had a good working relationship with the government and that the country’s infrastructure was good.

Barrick owns the Jabal Sayid copper operation in a 50:50 joint venture with Ma’aden in Saudi.

Meanwhile, Al-Mudaifer announced details of the inaugural Future Minerals Summit to be held in January in Riyadh. The event would focus on the mining potential of the Middle East, Central Asia and East Africa.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION