Saudi industry minister meets UK mining companies, investors

The Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef has held a meeting with mining companies and investors in Britain, the Saudi Press Agency reported.

He highlighted investment opportunities in the Kingdom’s mining and industrial sectors during his official visit to the UK, which was organized by his ministry under the theme “Invest in Saudi Arabia.”

Alkhorayef and his team reviewed the most important elements that attract exploration and mining in the Kingdom. Several British mining companies outlined their successes in investing in Saudi Arabia. 

The ministry detailed the huge potential and strong infrastructure that make the Kingdom one of the best investment environments in the global mining sector.

The ministry’s delegation also invited attendees to the international mining conference that Saudi Arabia holds annually in Riyadh.

Throughout his visit, Alkhorayef stressed the Kingdom’s great interest in enhancing investments as it aims to exploit mineral wealth estimated at $1.3 trillion.

This sum includes stores of phosphates that are valued at $321 billion, gold at $229 billion, copper at $222 billion and zinc at $138 billion.