Riyadh – Mubasher: Saudi Minister of Finance, Mohammed bin Abdullah Al Jadaan, asserted the need to boost investments in the mining sector, Saudi Press Agency (SPA) reported.
During the fourth edition of the Future Minerals Forum (FMF), Al Jadaan said all sectors in the Kingdom align with the mining sector under the framework of the National Industry Development and Logistics Program (NIDLP).
He commented: "We must leverage the strength of partnerships in complex mining industries that demand substantial investments. The government cannot achieve this alone; it requires understanding operational dynamics and collaborating with the private sector.”
The minister discussed potential solutions for the mining sector, such as streamlining individual components. He noted that governments are working to provide support by subsidizing logistics services to lower costs and offering exemptions from certain liabilities and expenses.
On his part, Minister of Investment, Khalid Al Falih, underlined the importance of integrating human efforts with capital technologies to explore minerals in the Earth's crust and below, which will in turn increase demand for these resources.
Al Falih asserted that recycling serves as an important source of minerals, as it helps to compensate for the basic resources extracted from the earth.
He also addressed the vital role technology plays in the sector, noting that advancements in AI, satellite sensing technologies, and aerial exploration create a promising period in the mining field.
