JEDDAH: Saudi Arabia and the US are set to strengthen mining ties as the Kingdom’s industry minister met the US energy secretary to explore joint opportunities in critical minerals and supply chains.
Bandar Alkhorayef held a bilateral meeting with Chris Wright to discuss ways of enhancing mining cooperation during his official trip to the US. The meeting was attended by Saleh Al-Sulami, CEO of the National Industrial Development Center, along with several officials from both sides, according to a statement by the Ministry of Industry and Mineral Resources.
The two officials underscored the importance of strengthening collaboration to support critical mineral supply chains, which are witnessing increasing global demand. They also agreed to bolster critical minerals cooperation to enhance global supply chain resilience.
The talks come as Saudi Arabia’s Vision 2030 seeks to expand its mining sector, valued at SR9.4 trillion ($2.5 trillion), and diversify its economy beyond oil and become a global hub for critical minerals.
Minister of #Industry_and_Mineral_Resources, HE. Bandar Al-Khorayef, met with leading U.S. industrial and mining companies to discuss ways to enhance cooperation in the industrial and mining sectors, during his official visit to the United States. pic.twitter.com/DS3aeDe5t5
