Saudi Arabia presents National Minerals Program to promote industry, infrastructure
Date
7/18/2024 5:54:07 AM
(MENAFN) The Saudi Council of Ministers, led by Crown Prince Mohammed bin Salman, has approved the creation of a national program for minerals under the auspices of the Ministry of Industry and Mineral Resources. This initiative, announced by Minister Bandar bin Ibrahim Alkhorayef, aims to strengthen and support mineral supply chains, ensuring their quality and reliability for local industries and major projects across the Kingdom.
According to Minister Alkhorayef, the National Minerals Program represents a significant step towards enhancing Saudi Arabia's infrastructure and realizing the objectives outlined in Saudi Vision 2030. It is poised to play a pivotal role in driving growth within the minerals sector and harnessing the abundant mineral resources available in the country.
The program is designed to facilitate exploration activities and streamline operations in the mining sector. Minister Alkhorayef emphasized that its establishment underscores Saudi Arabia's commitment to developing robust mineral value chains, thereby positioning mining as a cornerstone of the national industry. This strategic move aligns with broader economic goals aimed at diversifying the Saudi economy and reducing dependence on oil revenues.
MENAFN18072024000045015682ID1108454125
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.