Saudi Arabia offers mining opportunities to global investors

Web DeskWeb Editor

03rd Sep, 2021. 11:51 am
Global Cyber Security

RIYADH: The Saudi mining sector is witnessing a significant transformation and a high demand from investors since the launch of the new Mining Investment Law early this year, Arab News quoted Khaled Al-Mudaifer, vice minister for mining affairs, Ministry of Industry and Mineral Resources, as saying.

There will be an international demand for the sector in the future, he said, during an interview with Al Arabiya. The kingdom is the fourth largest country in the world for importing minerals, he said.

The International Future Metals conference in its first session next January, will constitute a platform for mining investments in the Middle East, Central Asia and Africa, he added.

Opportunities for mineral wealth in the kingdom are estimated at $1.3 trillion, he said.

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