RIYADH: Saudi Arabia aims to establish a world-class mining system, in cooperation with South Africa, to position the Kingdom as a suitable destination for partnership, the Saudi Press Agency reported citing the Vice Minister of Industry and Mineral Resources for Mining Affairs.
Khaled Saleh Al-Mudaifer added that this happens as Saudi Arabia has become a major consumer of steel, aluminum, copper, and other metals.
During his speech at the Saudi-South African Investment Forum, held in Jeddah, he noted that both countries are determined to find solutions for the developments of the mining sector.
Al-Mudaifer explained they would achieve this by focusing on raising and improving the quality of life through development projects, and the production of minerals and metals necessary to face climate change.
Saudi Arabia’s exports to South Africa in 2021 amounted to over SR12 billion ($3 billion) of oil exports and SR3 billion of non-oil exports.