Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Aramco's Q3 net income falls 15.5% to SR103 billion amid a jump in annual cash flows    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Harris and Trump make final push in must-win Pennsylvania    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Saudi crown prince, Tunisian president review bilateral relations in phone call    SFDA Chief visits premier biotechnology and medical firms in China    Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    Quincy Jones, titan of US music, dies aged 91    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al-Naimi Delivers Speech before 5th Arab Ministerial Consultative meeting
Published in Alriyadh on 29 - 04 - 2014

Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources of the Kingdom of Saudi Arabia, who leads his country's delegation to the 13th Arab International Conference for Mineral Wealth and 5th Ministerial Meeting of the Arab ministers in charge of mineral wealth sector which kicked off in the Moroccan city of Marrakesh, today reassured that our Arab countries' territories are rich of geological environments that contain rocky components of different kinds of minerals, noting that the mineral investment in the Arab world has made great strides over the last few decades but is still in need to be moved to real mineral industrialization.
Addressing the 5th Ministerial Meeting of the Arab ministers in charge of mineral wealth sector, Al-Naimi drew the attention of his listeners that to reach this end, we ought to develop a number of key aspects relating to mining activities in our countries, most important of which are: conducting a review of mineral investment systems, upgrading them, urging for establishing advanced manufacturing, creating new jobs, developing mineral data, provision of land lots, replacing imported products and supporting the manufacture of mineral products locally. Also we have to develop remote areas in our countries through mineral industries derived from mineral deposits found in those areas, building the necessary infrastructure, nationalizing the modern technology used in exploiting and processing the mineral resources and developing the technical skills of our labor forces in the sector of mining and other support services.
Al-Naimi underscored the importance of coordination and cooperation among Arab technical authorities, lauding the role so far played by the Arab mineral bodies in the field of developing the mineral resources over the past years. In the years to come, it is preferred to focus on strategic objectives for national development plans, for instance, the increase of contribution of the mineral resources sector in national economies, diversification and expansion of the base of mineral activity and enhancement of added values of local mineral products.
He urged the concerned authorities in the Arab world for conducting in-depth studies on the major aspects forming the bases of complementary mineral industries.
In this concern, I would like to point out to three bodies who would have pivotal roles in promoting the mining sector's development and manufacturing processes: the academic scientific bodies, governmental authorities and businessmen community, the minister stated.
He said planners ought to focus also on pinpointing the positive impact of establishing the infrastructure to boost the sector of mining, including putting plans for model exploiting of the mining resources in their capacity as non-renewable materials, developing the technology used in excavation for mining ores, illuminating the public on the importance of mining industry on their lives, urging the banking sector to finance mining projects, drawing the outlines of the roles of mining licenses holders in the social responsibility and considering the environmental, social and economical developments achieved from the establishment of a complete mining industry in remote areas.


Clic here to read the story from its source.