Saudi Arabia poised to bridge global mineral producers, consumers: Alkhorayef

Bandar Alkhorayef, Minister of Industry and Mineral Resources

Saudi Arabia’s geographic location and its economic weight qualify it to play a pivotal role of a bridge between mineral producing regions and consumers, Minister of Industry and Mineral Resources Bandar Alkhorayef said.

During the G7-OECD ministerial session held as part of the OECD Critical Minerals Forum in Istanbul, the minister explained that the Kingdom is working to solidify this role by building high-quality partnerships and activating multilateral dialogue platforms.

Through this, the country seeks to bolster international cooperation and support the development of global mineral supply chains amid rising demand for energy- and technology-related minerals.

He also pointed to the importance of cooperation between the forum and international financial institutions, including the World Bank, in supporting the development of mining infrastructure and enhancing investment opportunities in mineral value chains, thus enabling countries to develop their resources and maximize their economic benefits.