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12-01-23
Saudi Minister asserts his nation plays huge role in mining industry in Future Minerals Forum
(MENAFN) As the world deals with a deficiency of vital mining provisions, Saudi Arabia has a huge role to play as its mining field is involved with industry, logistics as well as numerous other sectors, such as energy transition, as stated by a top Saudi minister.
While giving a speech at the Future Minerals Forum in Riyadh on the 11th of January, the Nation’s Minister of Investment Khalid Al-Falih pointed out that a deficiency of provisions is one of the main obstacles dealt in the mining industry.
“We are living in a world where there is an expected rise in demand for critical metals that will be key to the electrification of the global economy, and there is also a critical shortage of supply,” he stated.
Al-Falih continued that Saudi Arabia might support finding a solution continuing in the energy industry, as the Kingdom has all the needed enablers, which contains the most advanced laws to raise the actions in the mining industry.
MENAFN12012023000045014228ID1105418600
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