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Kingdom maximizes value from mineral wealth .

Minister of Industry and Mineral Resources, Bandar Alkhorayef, has announced that Saudi Arabia's vision has ambitious targets that leverage the power of minerals. He emphasized that mining in the Kingdom focuses mainly on maximizing the value derived from the country's natural resources through developing mining investment and achieving optimal exploitation of mineral resources by creating mining platforms that bring stakeholders together to identify opportunities for work and sector development, especially in the Middle East and Central Asia. Alkhorayef made the comments during his participation in a dialogue session entitled "A New Generation of Responsible Sustainable Mining Industries" at the Saudi Arabian African Conference in Riyadh. He revealed that discussions were underway with 80 participating countries in mining sectors, and a global platform was established in Riyadh to help develop the mining sector in the region to ensure the flow of investment and to assist African and Central Asian countries to bring more minerals to the market. Regarding the economic benefit of minerals, Alkhorayef stated that the mining sector aimed to achieve nearly SAR 80 billion ($21.3 billion) to contribute to the GDP, adding that work would continue in this regard through partnerships with various countries, through bilateral relations and various platforms, such as the Future of Mining conference, which announced four initiatives to empower the region and capitalize on the value it enjoys in minerals, highlighting some of those initiatives, such as working on frameworks for key minerals, developing them, ensuring appropriate investment, and targeted financing, and building centers of excellence between different countries to enable learning in various countries, which enhances relations and development.



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