Saudi Arabia, Kazakhstan sign MoU to boost cooperation in mining and mineral resources sector
ASTANA: Saudi Arabia and Kazakhstan have signed a memorandum of understanding aiming to strengthen cooperation in the mining sector, exchange expertise and knowledge in mineral exploration and its latest technologies, and encourage joint mining investments.
The deal was signed by Saudi Industry and Mineral Resources Minister Bandar Alkhorayef and Kazakhstan’s Industry and Construction Minister Yerlan Nagaspayev, during the Saudi minister’s official visit to Kazakhstan.
Alkhorayef’s visit aims to develop bilateral cooperation in a number of areas related to the mining sector, including mineral exploration, exchange of expertise and knowledge, stimulating joint investments, and strengthening partnerships between Saudi and Kazakh companies operating in the sector.
It seeks to support cooperation in innovation and modern technologies used in mining, and to benefit from mutual expertise to develop mining value chains and raise the efficiency of exploration and mining operations, contributing to achieving the shared interests of both countries.
