Under the patronage of Minister of Industry and Mineral Resources Bandar Al-Khorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer inaugurated a discussion panel at Investing in Africa Mining Conference (Mining INDABA 2022) to review investment opportunities and the potential of the infrastructure and legislation of the Kingdom of Saudi Arabia, which make it the first global destination for investment in the mining sector.
The panel saw the participation of several representatives of government institutions that participated within the Invest Saudi pavilion, where Jamil Al-Ghamdi from National Industrial Development and Logistics Program (NIDLP) provided a general outlook on the targets and achievements of the program, while Haya Al-Qahtani from the Ministry of Investment referred to the role of the Invest Saudi program, reviewing the great potential and solid infrastructure that make the Kingdom one of the best investment environments in the world.
Jawaher Al-Dighither of the Ministry of Industry and Mineral Resources spoke about the top elements attracting exploration and mining efforts in the Kingdom, while Mustafa Makki of the Saudi Geological Survey highlighted the importance of the data resulting from geological surveys and delivered a presentation on the national geological information base and the top minerals available in the Kingdom. Abdulrahman Al-Bloushi of the Ministry of Industry and Mineral Resources reviewed promising investment opportunities in the Kingdom, which includes several mining locations in various regions.
The Kingdom of Saudi Arabia, through its participation, seeks to highlight its efforts in developing the mining sector that achieved revenues exceeding SAR 727 million (USD 194 million) in 2021 and succeeded in attracting investments worth over SAR 30 billion (USD 8 billion).