The Public Investment Fund's first-ever Private Sector Partnership Forum, which included a number of local companies from various industries, saw the Saudi Arabian Mining Company (Ma'aden) wrap up its participation.
Within its many business areas, including aluminum, phosphate fertilizers, base metals, and new minerals, which have a combined annual expenditure rate of more than SAR1.3 billion, Ma'aden highlighted a number of collaboration and partnership options.
In workshops and seminars held during the forum, Ma'aden participated and highlighted its collaborations with the local private sector in light of its strategy to increase the involvement of local actors in the supply chains of its projects in support of the goals of the Kingdom's Vision 2030.
Ma'aden established "Tharwah," a local content program, last year with the intention of increasing the contribution of small and medium-sized businesses to the company's operations to more than 70% in 2022. Additionally, "Tharawh" aims to expand new business contracts that will generate new employment possibilities and advance the regions where Ma'aden works, as well as the contribution of regional suppliers to Ma'aden's supply chains.
Through its work in remote areas, Ma'aden's plays a significant role in strengthening local partnerships because it prioritizes giving local suppliers opportunities through projects and supply chains in its industrial complexes, invests directly in local communities by providing jobs for locals in these remote areas, and offers training opportunities to develop their skills.
