Among them is global.. “KAXT” allies with several parties to promote mining innovation
Vice President of the Energy and Industry Sector, Dr. Saeed Al-Shehri, explained that the mining sector, according to the Kingdom’s Vision 2030, has emerged as the cornerstone of the Kingdom’s economic diversification strategy.
Mineral reserves in Saudi Arabia
He stated that the Kingdom’s mineral reserves amount to approximately 2.5 trillion dollars, a significant increase of 90% from the previous estimate of 1.3 trillion dollars.
He explained that this growth confirms the extent of the potential and the urgent need to unleash the investment of these opportunities, while CAXT will work to lead efforts to develop and enable advanced technologies through a number of programs and initiatives to confront the challenges in the mining sector.
CAXT has formed alliances with the Ministry of Industry and Mineral Resources, the National Industrial Development and Logistics Program (NDLP), the Saudi Geological Survey, and a number of companies to launch the Mining Innovation Studio to attract global talent and accelerate modern technologies.
The latest advanced technologies in the field of mining
In the field of mining technology exploration, CAXT has joined forces with the Canadian Center of Excellence for Mining Innovation (CEMI) to support emerging technologies in advanced mineral processing, smart mineral exploration, and mining safety and sustainability technologies.
CAXT, being the national laboratory and oasis of innovation in the Kingdom during the International Mining Conference, also supervised the Mining Excellence Zone, which includes a number of international companies and showcases the latest advanced technologies in the field of mining.
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