Mining sector development hinges on data: Al-Jadaan

Data is crucial for the mining sector, Minister of Finance Mohammed Al-Jadaan said, emphasizing that its development cannot progress without it.

He highlighted Saudi Arabia's early focus on investing in both technical and financial mining-related data to support exploration in the sector, including initiatives aimed at companies.

During a session at the International Mining Conference, the minister stressed the importance of coordination between the mining sector and other industries, such as energy and logistics, to achieve common goals.

He explained that Saudi Arabia is addressing this need through the National Industrial Development and Logistics Program (NIDLP), which brings together all relevant sectors to ensure collective collaboration.

Al-Jadaan also emphasized that it will be challenging to attract the necessary investments without the proper regulations in the mining sector.

He pointed out that mining investments are long-term, and investors require predictability, confidence in the regulatory framework, and timely licensing to commit to the sector.