Riyadh, Minister of Industry and Mineral Resources Bandar Al-Khorayef has met with several ministers, senior government officials and investors participating in Africa Mining Conference (Mining INDABA 2022) during his official visit to the South Africa, heading the Kingdom of Saudi Arabia’s delegation to the conference.
Al-Khorayef met with concerned ministers from Niger, Angola, Mali, South Africa, Chad, Senegal, and Sierra Leone, on the sidelines of the conference held in Cape Town.
The minister, during the meetings, reviewed promising investment opportunities and the conditions of the mining sector in the Kingdom, briefing them on the mining investment system, the volume of mineral wealth in the Kingdom and the plans that the ministry is working on to maximize the benefits of the sector, referring to the top updates on the systems and laws in the sector to prepare the necessary climate to attract investments.
He also discussed cooperation aspects and investment opportunities between the Kingdom of Saudi Arabia and African countries, in a way that reflects on the growth and development of the mining sector in Africa and the region and to benefit the development of skills, enhancing innovations and improving the quality of life.
The Kingdom of Saudi Arabia, through its participation, seeks to highlight its efforts in developing the mining sector that achieved revenues exceeding SAR 727 million (USD 194 million) in 2021 and succeeded in attracting investments worth over SAR 30 billion (USD 8 billion).
Source: Saudi Press Agency