Deputy Minister for Mining Development at the Ministry of Industry and Mineral Resources Musad Aldaood opened a showcase in Australia under "Invest Saudi" in collaboration with the Saudi Australian Business Council. The showcase highlighted and promoted investment opportunities and the capabilities of the Kingdom's robust infrastructure and legislation, making the Kingdom a global destination for investment in the mining sector. Assistant Deputy for Mining Development Turki AlBabtain as well as representatives from the Ministry of Industry and Mineral Resources, the Ministry of Investment, and the Saudi Geological Survey attended the showcase. Attendees from Australia included EV Metals CEO, and member of the Board of Directors of the Saudi Australian Business Council Luke Stannard, as well as Australian investors and businesspersons. Aldaood underscored the Kingdom's plans to expand the mining industry and help investors gain the most from it, noting that the Kingdom is eager to forge significant international partnerships in this field. The Deputy Minister for Mining Development said the Saudi delegation hopes to entice high-quality investments in the Kingdom's mining industry, indicating that the world has historically relied heavily on minerals and metals for construction, manufacturing, development, and technological advancement. The Kingdom is now working to create a dynamic and open economy, successfully laying the groundwork for the mining industry to meet the demands of the future. During the meetings, Aldaood highlight the numerous opportunities and benefits available in the Saudi mining industry, particularly the clarity of regulations and legislation and its high level of transparency. He pointed to the mining opportunities announced, most notably the success of a local and international consortium of "Mushiko Resorcis and Ajlan and Brothers Mining Company" who both won the bid for the Khnaiguiyah site exploration license. The site provided investors with a unique experience that ensured risk-free investments. Aldaood also invited attendees and participants to visit the Kingdom's Pavilion at the International Mining and Resources Conference (IMARC) due to be held in Sydney between 2-4 November to learn more about the Kingdom's mining incentives and investment opportunities. Through its participation in the Conference and the official visit to Australia, the Kingdom hopes to attract investments in the mining sector and achieve the nation's goals of making mining the third pillar of national industry.
