Global partnerships.. "Industry" Reviews mining investment opportunities in London

Deputy Minister of Industry and Mineral Resources for Mining Affairs, Khaled bin Saleh Al-Mudaifer, during a speech in which he opened the event, reviewed the reforms implemented by the Kingdom in the mining sector, and its untapped mineral wealth estimated at more than (9.4) trillion riyals, stressing the Kingdom’s endeavor to build partnerships. A well-established international market in the mining and metals sector.

The Kingdom’s Achievements in Mining

He pointed to the Kingdom’s most prominent achievements in the mining sector, including modernizing legislative systems, and launching pioneering national programs such as "National Minerals Program" Expanding exploration activities, improving regulations and supporting private sector participation; This enhances the attraction of quality investments and embodies the Kingdom’s commitment to cooperate with international partners to develop this strategic sector.

Al-Mudaifer explained that the Kingdom has made great strides in the renaissance of the mining and mineral exploration sector in light of the Kingdom’s Vision 2030, as estimates of the value of mineral resources rose from (5) trillion riyals to (9.4) trillion riyals, and the sector witnessed an unprecedented expansion in Exploration activities, with the number of exploration companies increasing from (6) companies in 2020 to (133) companies in 2023, and total spending on exploration reaching (102) billion riyals in 2024, reflecting the Kingdom’s commitment to enhancing investments in mineral resources exploration.

Mining Sector

He said: "The mining sector for us is not just a resources sector; Rather, it is a fundamental pillar of our economic transformation, and in light of Vision 2030, we are working to consolidate the Kingdom’s position as a preferred partner for investors, innovators, and companies seeking a flexible and responsible future in minerals."

The Kingdom’s progress in the mining sector received wide international recognition, as it ranked 23rd globally in the Investment Attractiveness Index for the year 2024 issued by the Canadian Fraser Institute, and came first globally in political stability, fifth in socio-economic agreements, and seventh in environmental regulation.

The Future of Investment in Minerals

It included an agenda The event, which was organized by the Ministry of Industry and Mineral Resources in the British capital, London, included a series of dialogues with mining leaders in the world, and a discussion session was held on the future of investment in minerals. The discussions in the session focused on ways to overcome financing challenges, the complexities of the geopolitical landscape, and the race to secure supply chains for vital minerals.

In parallel with the event, An accompanying exhibition was held on the most prominent elements of strength and innovation in the mining and metals sector in the Kingdom. From the abundance of resources, the updated regulatory framework, advanced infrastructure and value chain integration to geophysical technologies enhanced by artificial intelligence, automation, processing solutions, energy efficiency, emissions reduction, recycling and green minerals, it formed a practical platform for technical presentations and bilateral meetings, facilitating the exchange of visions, strengthening partnerships, and opening horizons. New investment.

International Mining Conference

The capital, Riyadh, is preparing to host the fifth edition of the International Mining Conference during the period from January 13 to 15, 2026 AD, under the slogan "Minerals… facing the challenges of a new development era"Organized by the Ministry of Industry and Mineral Resources.

The conference witnesses broad participation from ministers and CEOs of the most prominent international mining companies. This reflects its position as a global platform for the elite in the mining sector.