RIYADH — The Ministry of Industry and Mineral Resources (MIM), in collaboration with the British Embassy in Riyadh, hosted a joint webinar with British investors to promote investment opportunities in Saudi Arabia.

During the start of the webinar, Assistant Deputy for Mining Development Turki Al Babtain emphasized that the ministry is working to ensure an attractive investment ecosystem thanks to the new Saudi Mining Investment Law.

The legislation assures a clear and fair legal framework designed to safeguard investments while leveraging the Kingdom's mineral wealth. Saudi Arabia is said to be home to an estimated $1.3 trillion worth of minerals.

Saudi Arabia’s mining strategy is based on four important pillars: making geological and geophysical data fully accessible, transforming the mining ecosystem into one of the most competitive worldwide, creating integrated value chains, and ensuring that people and the environment are protected.

Al Babtain invited attendees to participate in the Future Minerals Forum in January to learn more about Saudi Arabia’s investment opportunities, including the prominent features and incentives offered by the Kingdom to investors.

Attendees to the Future Minerals Forum will join more than 7,500 participants, 150 speakers and representatives from more than 75 countries.

The ministry’s efforts are designed to maximize value-creation for Saudi Arabian communities and local and international investors by developing its mineral sector in order to transform mining into the third pillar of national industry, thereby achieving the goals of Vision 2030 and the National Industry Development and Logistics Program (NIDLP). — SPA