المملكة: The Minister of Industry discusses the expansion of investment partnerships with major Russian companies
Hold The Minister of Industry and Mineral Resources Bandar bin Ibrahim Al -Khar, a series of high -level bilateral meetings with leaders of the most prominent Russian industrial and mining companies, discussed the opportunities to develop partnerships in the sectors Industry and mining, and the most prominent competitive advantages of the investment environment in the Kingdom, during his official visit to the Russian Federation." target ="_Blank"> Russian , where he met with the CEO of the largest diamond mining company in the world, and the meeting discussed the opportunities for cooperation in the field of mineral production and treatment, while highlighting the possibilities provided to mining investors in the Kingdom. Enhancing mining cooperation, exchanging experiences in the field of titanium production and processing, and benefiting from it in advanced industries that include aviation and cars, where the Kingdom currently produces (16,000) tons of titanium sponge annually, which represents about (10%) of global production, in addition to (500,000) tons of titanium slag, in Jazan City for Basic and Manufacturing Industries. /> In a meeting with the CEO of Gold Mining Company, the graduate reviewed the opportunities for mining exploration in the Kingdom for the year 2025, which covers an area of (50) thousand square kilometers, and the meeting also discussed the best sustainable practices in mining, opportunities to transfer knowledge, and advanced mining technologies to the Kingdom. Aluminum in Russia, and emphasized the Kingdom’s ambition to become a regional and global center for aluminum manufacturing, with a focus on enhancing cooperation in the field of full value of aluminum, starting from the metal melting to final industrial applications. The International Mining Conference, in its fifth edition, held in the capital, Riyadh during the month of January 2026, which strengthens the Kingdom’s leadership role in shaping the future of minerals. The mining, which made it the investment environment for the mining sector the most attractive and ease for local and international investors. />
On the other hand, the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al -Khar, met with a number of officials of Russian industrial companies, which included a meeting of the Vice Chairman of a leading company in the sweets industry in Russia, the largest sweets producer in Eastern Europe, and the meeting discussed investment opportunities in the food and sweets industry, and the latest food manufacturing technologies. With the Chairman of the Board of Directors of a company that is one of the largest manufacturers of floating glass in Russia, the meeting focused on exploring cooperation opportunities in the industrial sector, incentives and potentials provided to investors. To enhance the contribution of the industry and mining sectors to the economic diversity process in the Kingdom, according to the 2030 Vision.
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