At the Gulf Vision 2026 Forum in Paris, Saudi Arabia presented a compelling case for investment in its burgeoning mining and industrial sectors, urging increased involvement from French and European stakeholders in its economic reformation plan. Khalid Al-Mudaifer addressed the attendees, detailing the advancements made under the Kingdom’s Vision 2030 initiative and underscoring the pivotal role of mining in shaping the national economy’s future.
The Kingdom boasts a mineral wealth estimated at over $2.5 trillion, with abundant deposits of gold, copper, zinc, phosphates, aluminum, and rare earth elements. Saudi Arabia is keen on broadening its mineral exploration efforts, enhancing downstream industrial activities, and establishing comprehensive industrial value chains to drive sustainable economic expansion. This strategy is part of a broader effort to diversify the economy and reduce reliance on oil revenues.
At the forum, Saudi representatives engaged with French government officials and prominent mining industry leaders to explore avenues for investment, technology exchange, sustainable mining practices, and joint ventures. These discussions are aimed at fostering collaborations that can leverage international expertise and resources to bolster the Kingdom’s mining sector’s growth and innovation.
Saudi Arabia is implementing reforms to create an investor-friendly climate, featuring revised regulations, incentives for foreign investors, and strategies to localize mining technologies. These measures are designed to cultivate a skilled domestic workforce and encourage international partnerships. The Kingdom is committed to positioning its mining sector as a cornerstone of economic diversification, enhancing its influence in global supply chains and advancing manufacturing industries.