Public Investment Fund Governor: Future industries depend on mining sector

Riyadh, Governor of the Public Investment Fund (PIF) Yasir bin Othman Al-Rumayyan stressed that many of the future industries depend on the mining sector, noting that the Middle East, Central Asia and Africa are considered the main regions for mining.
During his virtual participation in a side meeting in the Future Minerals Forum, he said that the mining sector is the third pillar of the national economy, noting that the Kingdom of Saudi Arabia has enormous natural resources and promising opportunities in investment in the potentials of the mining sector.
He pointed out that PIF considers mining one of the main strategic sectors with great importance to realize the Saudi Vision 2030 goals, adding that the Saudi Arabian Mining Company (Ma’aden) has doubled its revenues to become a world class operators, and that is working with King Abdullah University of Science and Technology (KAUST) in developing a breakthrough innovation to extract valuable minerals from seawater.

 

Source: Saudi Press Agency

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