Washington, January 14, 2025 – The U.S.-Saudi Business Council (USSBC) is leading a distinguished delegation of eight North American companies to participate in the 4th annual Future Minerals Forum (FMF), set to take place in Riyadh from January 15 to 16, 2025. The forum, organized by the Saudi Ministry of Industry and Mineral Resources, is a key platform for discussing the future of the mining sector, and this year’s event promises to further solidify the growing relationship between the United States and Saudi Arabia in the mining and minerals industry.
The delegation, representing a wide array of industries, seeks to deepen collaboration with Saudi entities and explore promising investment opportunities in the Kingdom's expanding mining sector. This participation underscores the USSBC’s role in fostering economic partnerships and facilitating cross-border exchanges of knowledge, technology, and investment between the two nations.
Among the core objectives of the delegation is to showcase a range of cutting-edge technical solutions and services that can significantly enhance mining operations. These include advancements in artificial intelligence (AI) and the internet of things (IoT), which are increasingly pivotal in optimizing operational efficiencies and improving safety in the mining sector. Additionally, the delegation will present software as a service (SaaS) platforms, designed to streamline operations and data management for mining companies.
Other technological innovations on display include mining resource management tools aimed at improving productivity and sustainability, along with solid-liquid separation equipment that enhances the efficiency of resource extraction processes. Delegates will also introduce geophysical survey services that offer valuable insights into geological formations and resource locations, further supporting exploration and extraction efforts.
In addition to these technical solutions, the delegation will present AI-powered robotics, which are transforming the mining industry by automating repetitive tasks and increasing precision, and tire design and management services that aim to reduce operational costs and improve the sustainability of mining operations. Legal and financial services geared toward the mining industry will also be a focal point, providing companies with the tools they need to navigate regulatory environments and optimize financial strategies.
This broad spectrum of expertise and innovation reflects the increasing intersection of technology and mining, aligning with Saudi Arabia’s Vision 2030 initiative to diversify its economy and position itself as a global leader in sustainable mining practices. The participation of North American companies at the Future Minerals Forum is an important step toward deepening bilateral cooperation between the U.S. and Saudi Arabia, particularly in the energy and natural resources sectors.
The Future Minerals Forum is expected to attract prominent stakeholders from around the world, including government officials, business leaders, and technical experts. The USSBC delegation’s involvement highlights the growing interest in the Saudi mining sector, with opportunities for collaboration, investment, and knowledge exchange that could significantly shape the future of global mining operations.
As Saudi Arabia continues to develop its mining industry and expand its role in the global minerals market, the participation of leading North American companies at the FMF demonstrates the immense potential for cross-border partnerships that will contribute to economic growth, technological advancement, and sustainable development within the sector.