Saudi Arabia aims to help handle world's mineral supply chain shortage: Alkhorayef

01/09/2023 Argaam
Bandar Alkhorayef, Minister of Industry and Mineral Resources

Bandar Alkhorayef, Minister of Industry and Mineral Resources


Saudi Arabia's mining strategy aims to make the Kingdom a key partner in solving the shortage of mineral supply chains, said Bandar Alkhorayef, Minister of Industry and Mineral Resources.

 

This shortage is due to the strong demand for the minerals used in the electric vehicle industry, renewable energy, modern technologies, and the development of global societies, Alkhorayef told the investors’ roundtable meeting organized by the Foreign Economic Relations Board of Turkey (DEİK).

 

The Kingdom's Mining Investment Law and its Executive Regulations are among the best in the world, the minister said, adding that the Kingdom has recently shifted its focus to this sector to diversify its economic base, reduce dependence on oil, and achieve the Vision 2030 goals.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.