Saudi Arabia’s Ministry of Industry and Mineral Resources has signed an MoU with Standard Chartered Bank to assess the requirements for sustainable investment in the mining sector in the Kingdom, as per the objectives of Vision 2030.

The signing ceremony was attended by Vice Minister for Mining Affairs Khalid Al-Mudaifer; Global Head of Metals and Mining at SCB Richard Horrocks-Taylor; and CEO of the Saudi Industrial Development Fund – SIDF Prince Sultan bin Khalid bin Faisal Al Saud.

The MoU will look at promoting knowledge transfer, technology enablement, job creation, and implementation of the Future Minerals Forum outcomes. It will also encourage local and international investors to explore investment opportunities in the mining and mineral sectors in Saudi Arabia.


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