Arab countries could improve their economies by tapping their own resources. "The Arab world has abundant resources of good quality and with consistent and proper exploration they could compete with the rest of the world," Minister of Petroleum and Mineral Resources Ali Al-Naimi said here yesterday "In fact, the Arab countries should be able to meet all of their needs for raw materials," said Al-Naimi at the inaugural session of a three-day seminar on "Mineral Investment Horizons and Opportunities in the Arab Countries" at Jeddah Hilton. With the forging of cooperation among the Arab states, there could be better exploration of mines, said Al-Naimi who also later opened an exhibition of products and services in the mining industry. "The mining industry in the Arab world could attract increased investments from both domestic and overseas investors and thus reduce its dependence on import of mineral resources that they are richly endowed with," the minister said. --More 1009 Local Time 0709 GMT
