During a visit by its top minister to the South American nation, Saudi Arabia extended an invitation to Brazilian businesses to engage in its mining industry, stressing significant development potential.
Mineral production is a global issue requiring international leadership and collaboration because of its critical role in the global energy transition, according to Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef, who made this statement at a roundtable meeting hosted by the Federation of Industries in Sao Paulo.
As the mining industry in Saudi Arabia gets ready to grow under the government’s effort in line with Saudi Vision 2030, the country hopes to draw in foreign businesses. This initiative aims to increase licensing transparency, support domestic companies, and foster the growth of local content and employment opportunities.
“The Kingdom recognizes that global mineral production challenges require collective leadership,” the minister stated during the meeting. Working together is the foundation of our collaborative approach to true growth, and while we pursue our lofty objectives, we concentrate on building solid international alliances.
“Mineral production embodies the potential of our country and people; it transcends economic value,” he continued. The Kingdom is well-positioned for revolutionary expansion because to its abundant resources, knowledgeable labor force, and outstanding investment prospects.”
The minister outlined the benefits of investing in Saudi Arabia, such as the country’s wealth of natural resources, highly trained labor force, cutting-edge infrastructure, and welcoming business climate.
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