RIYADH: Saudi Arabia’s riches goes beyond its oil and gas reserves, with human capital being the most precious asset, according to the country’s minister of industry and mineral resources. Speaking at the Future Minerals Forum in Riyadh, Bandar Alkhorayef emphasised the Kingdom’s commitment to developing its inhabitants as part of Vision 2030, referring to human capital as “the most important asset that we have in this country.”
During the forum, he announced the formation of the Young Mining Professionals Association, a joint venture between the ministry and Saudi mining giant Ma’aden to further empower young talent in the industry. “Our Vision 2030 is very keen to ensure that everything we do, from an economic or sector development, is touching our people,” Alkhorayef told reporters.
“It is designed in a way that impacts people, people’s development, people’s opportunity for investment, entrepreneurs, and also job opportunities, quality job opportunities,” the secretary of state explained. He went further: “I’m happy that our mining sector is very serious about ensuring that at the core part of what we are doing in our strategy, addressing how much impact we can bring to our people and especially to the youth of Saudi Arabia.”
In a separate panel discussion, Muhammad Al-Saggaf, president of King Fahd University of Petroleum and Minerals, emphasised the importance of talent in advancing the Kingdom’s economic diversification. “To put it simply, KFUPM’s mandate is to help Saudi Arabia’s economy grow. That’s the mandate. We want to do our part.
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