Riyadh — Eng. Khalid Al-Mudaifer, the Vice-Minister of Mining Affairs for the Saudi Ministry of Industry and Mineral Resources, “Saudi Arabia is very much open for business, and we have taken many transformational steps to make investing in mining more attractive than ever before,” the minister made the statement during his interview earlier this week, with Mines and Money Online Connect.
He also shared with the global audience of investors the reasons why Saudi Arabia is rapidly emerging as a significant mining destination. Eng. Al-Mudaifer highlighted the Kingdom’s transformation and added, “Plus, because of what investors have told us about the critical success factors, we have a new national mindset, more profound understanding of the difficulties of mining, and greater attention on stability and predictability.
Saudi Arabia is blessed with a combination of rich and diverse geology. A transformed mining sector with a sharp focus on sustainability will make a compelling case for Saudi Arabia as a mining country of the future.
The vice-minister, in his interview, highlighted three primary attractions for investors: Geology, Mining Ecosystem, and Sustainability.
In coordination with the Ministry of Industry and Mineral Resources, FMS is also endorsed by the Ministry of Investment, Public Investment Fund, and Foreign Affairs.