Geneva, November 8, 2024 – Eng. Khalid Al-Mudaifer, Vice-Minister of Industry and Mineral Resources for Mining Affairs, led a key meeting in Geneva with representatives from leading global commodity marketing and trading firms. The high-level gathering was part of Saudi Arabia’s ongoing efforts to position itself as a major player in the global mining and mining services sector, aiming to attract international investment and foster collaboration with key global commodity traders.
The meeting, which was a centerpiece of Al-Mudaifer’s participation in a roundtable discussion organized by the Saudi Export-Import Bank, focused on opportunities for strengthening the Kingdom's mining sector. The event also highlighted the strategic importance of the mining industry within Saudi Arabia's broader Vision 2030 goals to diversify the economy and expand its global footprint in critical sectors. The roundtable was held in collaboration with the Ministry of Industry and Mineral Resources and featured influential leaders from both the public and private sectors.
Among the distinguished attendees were Saudi Export-Import Bank Chief Executive Eng. Saad Alkhalb, National Industrial Development and Logistics Program (NIDLP) Chief Executive Eng. Suliman Almazroua, and Assistant Deputy Minister of Investment for Industrial Sectors Ammar Altaf, as well as senior officials from the Ministry of Industry and Mineral Resources' mining division.
The discussions revolved around bolstering trade partnerships with global commodity firms, reinforcing raw-material supply chains, and exploring ways to open new markets for Saudi products. The goal is to leverage Saudi Arabia's abundant natural resources to attract foreign investments, while also expanding the Kingdom’s reach within the global commodities market. With its vast reserves of minerals and an ever-growing infrastructure for mining, Saudi Arabia is positioning itself as a hub for mining innovation and investment, ready to meet the demands of both domestic and international markets.
The meeting underscores Saudi Arabia’s commitment to becoming a leading player in the global mining industry, in line with its economic diversification efforts and its strategic goals to strengthen its industrial and logistical capabilities under Vision 2030. The continued focus on collaboration with international trading houses is expected to further enhance the Kingdom’s role in the mining sector and drive future growth opportunities.
