Riyadh – Sharikat Mubasher: Khalid Al-Mudaifer Vice-Minister for Mining Affairs of Saudi Arabia's Ministry of Industry and Mineral Resources stated that Saudi Arabia is pursuing $100 billion in new mining investments, with $20 billion already in advanced stages.
On the sidelines of the Future Minerals Forum (FMF) 2025 being held in Riyadh, Al-Mudaifer highlighted the kingdom’s efforts to build a robust mining ecosystem, including exploration, logistics, infrastructure, and talent development.
Under Vision 2030, Al-Mudaifer continues, Saudi Arabia has transformed into a global mining hub, breaking records in processing phosphate, aluminum, steel, and titanium.
The National Industrial Strategy and mega-projects have driven unprecedented demand, positioning the kingdom as a key global supplier.
He further added that Saudi Arabia aims to become the second-largest exporter of phosphate and titanium, one of the top 7 aluminum producers, and a regional leader in low-carbon steel, while expanding its role in lithium and battery minerals for the green energy transition.
