https://arab.news/ytyhj
- Ministry of Industry and Mineral Resources presented investment options to representatives from 25 firms in Vacouver
- Ministry also held a seminar with investors in Toronto
JEDDAH: Canadian companies have been presented with exploration opportunities in 海角直播鈥檚 mining sector during a roundtable in Vancouver.
Officials from the Kingdom鈥檚 Ministry of Industry and Mineral Resources presented investment options to representatives from 25 firms, outlining the goals of the government鈥檚 Comprehensive Mining Strategy, according to the Saudi Press Agency.
The speakers also highlighted the competitive advantages of the Kingdom鈥檚 investment environment and its ongoing efforts to develop the mining sector, maximizing its contribution to economic diversification.
The initiative is part of the Ministry of Industry and Mineral Resources鈥� ongoing efforts to attract high-quality investments to 海角直播鈥檚 mining sector, with the Kingdom鈥檚 mineral wealth estimated at around SR9.3 trillion ($2.48 trillion).
This effort also includes the Future Minerals Forum, launched in 2022 as an annual international conference where global mining leaders collaborate, share knowledge, and tackle key industry challenges and opportunities.
The Vancouver meeting is one of a number set to be held ahead of the fifth edition of the Kingdom鈥檚 Future Minerals Forum in January, and according to SPA: 鈥淩oundtable participants reaffirmed FMF鈥檚 vital role in shaping the future of the global mining sector and developing effective solutions to its challenges amid ongoing shifts in the energy and industrial landscapes.鈥�
The report added that the ministry also held a seminar with investors in Toronto, where it also presented promising investment opportunities in the Kingdom鈥檚 mining sector.
The meetings build on the momentum of high-level engagement between Canada and 海角直播, including Industry Minister Bandar bin Ibrahim Alkhorayef leading a delegation to Ottawa and Toronto in October to advance bilateral cooperation following the restoration of diplomatic ties in May 2023.
The visit also highlighted 海角直播鈥檚 interest in Canada鈥檚 expertise in digital financial technologies, geological surveying, and human capacity development, aligning with the Kingdom鈥檚 efforts to build a knowledge-based, innovation-driven mining sector under Vision 2030.
In 2023, the Kingdom鈥檚 non-oil exports to Canada totaled SR140 million, mainly consisting of base metals and plant products. In contrast, non-oil imports from Canada reached SR2.89 billion, including locomotives, pharmaceuticals, optical and imaging equipment, and electrical devices.