Saudi Minister of Industry Holds Meeting on Mining Opportunities with Companies and Investors in UK

Saturday 1443/11/26 - 2022/06/25
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London, Jun 25, 2022, SPA -- Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef of the Kingdom of Saudi Arabia has held a meeting with companies and investors in Britain, which is organized by the Ministry of Industry under the theme “Invest in Saudi Arabia".
This came during his official visit to the United Kingdom, highlighting the investment opportunities in the industrial and mining sectors in the Kingdom of Saudi Arabia.
The Ministry reviewed the most important elements that attract exploration and mining in the Kingdom, amid a remarkable presence of representatives of companies in the mining sector, as a number of mining companies reviewed their success in investing in the Kingdom and the most prominent elements that facilitated their investment march. The Ministry of Investment also participated in reviewing the huge potentials and infrastructure that make the Kingdom one of the best investment environments in the mining sector in the world.
The ministry of Industry also invited attendees to the international mining conference that the Kingdom holds annually in the city of Riyadh.
Throughout his visit, the Minister Alkhorayef stressed the Kingdom's keenness and its great interest in enhancing and attracting qualitative investments, as it aims to exploit the mineral wealth estimated at $ 1.3 trillion such as phosphates, which are estimated at $321 billion, gold at $229 billion and copper at $222 billion, in addition to zinc at $138 billion.
The Kingdom also seeks to develop industries related to minerals by providing the full support and solid infrastructure that ensure sustainability.
--SPA
09:46 LOCAL TIME 06:46 GMT
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