{"id":57554,"date":"2021-09-15T11:15:56","date_gmt":"2021-09-15T11:15:56","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=78829"},"modified":"2021-09-15T11:15:56","modified_gmt":"2021-09-15T11:15:56","slug":"saudi-arabia-enhances-its-position-on-the-global-stage-as-a-major-mining-destination-outlining-its-industry-ecosystem-robust-infrastructure-and-partner-success-stories","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/saudi-arabia-enhances-its-position-on-the-global-stage-as-a-major-mining-destination-outlining-its-industry-ecosystem-robust-infrastructure-and-partner-success-stories\/","title":{"rendered":"Saudi Arabia enhances its position on the global stage as a major mining destination, outlining its industry ecosystem, robust infrastructure and partner success stories"},"content":{"rendered":"
\n
\n

H.E. Vice-Minister for Mining Affairs Khalid Al-Mudaifer details the country’s mining transformation to an international audience at MINExpo\u00ae International 2021, Las Vegas<\/b><\/p>\n<\/div>\n

\n
\n

RIYADH, Saudi Arabia, Sept. 15, 2021 \/PRNewswire\/ —\u00a0In an appearance at MINExpo\u00ae International 2021, Las Vegas, Khalid Al-Mudaifer, Vice-Minister of Mining Affairs for the Saudi Ministry of Industry and Mineral Resources, outlined the unique opportunities for investors, explorers, miners and service providers to get into a dynamic sector that is at the heart of the Kingdom’s rapidly evolving industrial economy.<\/p>\n

“Saudi Arabia is very much open for business. We have a demonstrable track record of success with our international partners, offering a best-in-class experience benchmarked against global standards,” said Al-Mudaifer. “Additionally, the government continues to support the development of mining through major infrastructure transformation, including roads, rail, ports and electricity networks. Now is the time for international organizations to be part of the mining sector’s exponential growth in the Kingdom.”<\/p>\n

As well as hearing directly from the Vice-Minister, attendees were given deeper insight into the experiences of operating in the mining sector, with Willem Jacobs, Chief Operating Officer, Africa and Middle East, Barrick, saying: “We enjoy an excellent working relationship with the Saudi government, and we find the country easy to work in. The biggest challenge for a miner is access to infrastructure. Saudi is blessed with good infrastructure; it has excellent roads, airports, railway, and port structures. The country is well positioned for export markets to the east and west. We find it very easy to reach export markets from where we are.”<\/p>\n

The Vice-Minister was joined by Musaed Al-Daood, Deputy Minister for Mining Development, as well as Hall Delano Roosevelt, President & CEO U.S.-Saudi Business Council.<\/p>\n

In addition to informing MINExpo attendees of Saudi Arabia’s value proposition as a world-class mining destination, the delegation participated in high-level bilateral meetings with companies interested in doing business and investing in the Kingdom’s mining sector.<\/p>\n

Finally, Vice-Minister Al-Mudaifer announced details of the inaugural Future Minerals Summit (FMS), the first-ever event to offer a “one-stop-shop” for investors, miners and other industry stakeholders interested in learning more about the mining potential of the Middle East, Central Asia, and North and East Africa.<\/p>\n

Planned for January 11 to 13, 2022, in Riyadh, FMS will welcome attendees from around the world, including governments, investors, and mining majors and corporates. The Summit program is being built around four pillars:<\/p>\n