ANKARA - In a recent statement, the Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the Kingdom's ambitious mining strategy. Alkhorayef highlighted Saudi Arabia's aim to establish itself as a key global ally in tackling the scarcity of specific minerals within supply chains. This scarcity has arisen due to the surging demand for critical minerals, particularly in the production of electric vehicles (EVs), renewable energy sources, and the overall development of international communities.
During a roundtable meeting organized by the Foreign Economic Relations Board of Turkey (DEK) in Istanbul, the minister made noteworthy remarks. The gathering, attended by officials and businesspeople, aimed to explore avenues for strengthening Saudi-Turkish cooperation. In a recent statement, Alkhorayef, a prominent figure in the mining industry, highlighted the exceptional nature of the mining investment bylaw on a global scale. He emphasized that the Kingdom of Saudi Arabia has made significant strides in prioritizing the development of the mining sector, aligning with the overarching objectives of the Saudi Vision 2030. This strategic move aims to foster economic diversification and diminish reliance on oil, a crucial aspect of the nation's long-term goals.
In addition, he urged Turkish investors to actively engage in the highly anticipated annual international mining conference held in Riyadh. This prestigious event serves as a global platform for industry experts and influential figures to convene and deliberate on collaborative investment opportunities and cutting-edge advancements within the sector.
