RIYADH: Saudi Arabia showcased investment opportunities across its $2.5 trillion mineral resource base and downstream industrial sectors to French and European partners during the Gulf Vision 2026 Forum in Paris.
During the event, Khalid Al-Mudaifer, Saudi Arabia’s vice minister of industry and mineral resources for mining affairs, highlighted the Kingdom’s economic transformation under Vision 2030, highlighting key achievements in the industrial and mining sectors, according to an official press statement shared on X.
The vice minister also underscored the achievements made by the Kingdom in the industry and mining sectors and outlined opportunities for strengthening bilateral ties in key sectors.
The Vision 2030 program aims to unlock more than $2.5 trillion in mineral resources, including gold, copper, zinc, phosphates, aluminum and rare earth elements. This initiative seeks to diversify Saudi Arabia’s revenue sources while strengthening its position in global supply chains.
In May, the Kingdom’s Ministry of Industry and Mineral Resources revealed that the country issued 80 new mining licenses in March, compared to 38 in February, as the country continued to strengthen its efforts to position the sector as the third pillar of the nation's economy.
