The Ministry of Investment and the Japanese Oil, Gas, Minerals, and Mining Company jointly organized a Saudi-Japanese Minerals and Mining workshop in Tokyo, Japan, in collaboration with the Saudi Ministry of Industry and Mineral Resources.
The workshop aimed to discuss cooperation opportunities in the investment fields of the metals and mining sector. It also sought to encourage and support Japanese companies to invest in the Saudi mining sector and supply chains, including copper, zinc, steel, and other resources.
During the event, the Undersecretary of the Ministry of Investment for Investment Development, Fahad Al-Naeem, highlighted the Kingdom's economic and competitive advantages. He introduced the national investment strategy and presented qualitative investment prospects in the minerals and mining sector.
Moreover, Al-Naeem provided an overview of the new Saudi regulations governing mining licenses and outlined medium and long-term investment opportunities in the sector. He defined the mining strategy in the Kingdom and engaged in bilateral meetings with major Japanese companies specialized in the minerals and mining sector.
The mining and mineral sector in the Kingdom greatly benefits from the national initiative for global supply chains, which aims to attract investments worth SR 40 billion. This initiative capitalizes on the Kingdom's abundant resources, robust infrastructure, and strategic location.
Source: Saudi Press Agency