Saudi Arabia has expanded its global reach by strengthening cooperation in the mining sector. Saudi mining partnerships gained momentum as the Kingdom signed new international agreements during a major industry event.
During the Future Minerals Forum in Riyadh, Saudi Arabia signed three memorandums of understanding. The Ministry of Industry and Mineral Resources reached agreements with Chile, Canada, and Brazil.
At the same time, the fifth edition of the Future Minerals Forum officially opened in the capital. King Salman bin Abdulaziz patronized the event with strong international backing.
More than 20,000 participants attended the forum alongside 400 speakers. Ministers, executives, investors, academics, and institutions joined the discussions.
In his opening address, Minister Bandar Alkhorayef outlined the forum’s strategic importance. He said the event now shapes global mining decisions.
Moreover, he explained that energy transitions depend on secure mineral supply chains. Responsible mining practices remain essential for long-term stability.
On the domestic front, Saudi Arabia continues advancing its mining ambitions under Vision 2030. The strategy supports economic diversification and job creation.
Accordingly, authorities allocated more than 33,000 square kilometers for exploration licenses. Officials awarded 172 mining sites during the ninth licensing round.
In addition, teams completed geophysical and geochemical surveys across the Arabian Shield. Exploration spending increased sharply between 2020 and 2024.
Spending rose from one million riyals to 1.052 billion riyals. This growth reflects rising investor confidence in the sector.
Furthermore, Alkhorayef confirmed plans to unlock mineral potential worth 9.4 trillion riyals. New exploration opportunities will appear in 2026 and 2027.
To reduce project risks, the ministry launched a mining infrastructure initiative with Modon. The first phase includes a 75-kilometer treated water pipeline.
Meanwhile, authorities announced two new private investment funds. These funds will support projects across the mineral value chain.
During a panel discussion, Finance Minister Mohammed al-Jadaan emphasized regulatory clarity. He said stable policies attract long-term capital.
However, he warned that geopolitical tensions increase global uncertainty. Mining investments require predictability due to long project cycles.
Despite these challenges, al-Jadaan highlighted emerging opportunities for disciplined investors. Strategic partnerships can help manage volatility.
In another session, Investment Minister Khalid al-Falih addressed global mining demand. He estimated required investment at $5 trillion over the next decade.
He noted that minerals support energy transition and artificial intelligence growth. Supply chain resilience has therefore become essential.
Later, Maaden CEO Robert Wilt shared the company’s expansion plans. He confirmed a $110 billion investment over ten years.
That investment will double aluminum and phosphate production. It will also triple gold exploration activities.
Wilt added that new partnerships will attract global developers and engineers. Saudi mining partnerships will remain central to this expansion strategy.
Other speakers highlighted copper, critical minerals, and innovation. Mining remains a foundation for industrial growth worldwide.
Beyond panels, the forum featured youth programs and investment platforms. Innovation showcases supported Vision 2030 objectives.
Overall, Saudi mining partnerships reflect a long-term national strategy. The Kingdom aims to lead global mining through cooperation and innovation.
