Saudi mining strategy in spotlight at IMARC

Saleh Alaqili, deputy minister for Mining Investment Development, was the leader of the Saudi delegation to the International Mining and Resources Conference and Expo in Australia.
Updated 07 November 2019

Saudi mining strategy in spotlight at IMARC

The Saudi Arabian Ministry of Industry and Mineral Resources has released details of its progress delivering its long-term global mining strategy, during the International Mining and Resources Conference and Expo (IMARC) held from Oct. 29 to 31 in Australia. The theme for the strategy is “Mining’s Vast Potential.”

Originally named one of the most promising new growth sectors in Vision 2030, the ministry has made great strides toward increased exploration and investment in the mining sector. The announcement provides details of the work already done and plans for how to accelerate economic growth in the future.

“The Arabian Peninsula has long been known for its mineral richness, and building on that unique strength, we see an even brighter future for mining in Saudi Arabia,” said Saleh Alaqili, deputy minister for Mining Investment Development and leader of the Saudi delegation to IMARC. “Our long-term mining strategy is focused on driving economic diversification and growth for the Kingdom, while offering exciting exploration and investment opportunities.”

Saudi Arabia’s mining strategy is built around the development of integrated mineral value chains that will elevate the sector to become the third pillar of Saudi industry. The ministry intends to deliver on the sector’s promise by:

• Leveraging the Kingdom’s unparalleled mineral endowment. 

• The “Arabian Shield” is estimated to house a potential $1.3 trillion worth of minerals, including phosphate, gold, copper, silver, zinc, rare earth minerals and others.

• Harnessing its strong domestic demand for minerals.

• Saudi Arabia is the fourth largest net importer of mineral and metal products, many of which can be produced domestically.

• Fostering a mining ecosystem that is attractive to Saudi and international explorers, investors and other stakeholders.

• Much of the ministry’s work during the last year has been focused on transforming the Kingdom’s mining ecosystem.

The ministry has identified four drivers of Saudi Arabia’s mining strategy and has committed nearly $4 billion to advancing them:

• Improving sector governance by establishing a new overarching mining law

• Digitizing critical processes and services

• Making the most accurate geological data accessible

•Sustainability.

The Saudi delegation included the key enablers involved in the transformation of the mining sector: Saudi Geological Survey (SGS), National Industrial Development and Logistics Program (NIDLP), Saudi Arabia General Investment Authority (SAGIA), and Saudi Industrial Development Fund (SIDF). 

“We have aggressive goals over the course of the next 10 years to deliver a valuable, sustainable mining sector for Saudi Arabia,” said Alaqili. “We welcome the world to work with us to deliver maximum value from our rich mineral resources.”


Line-up for FIKR17 conference in Saudi Arabia announced

Updated 13 November 2019

Line-up for FIKR17 conference in Saudi Arabia announced

The Arab Thought Foundation has announced the agenda of this year’s annual conference, FIKR17, in partnership with King Abdulaziz Center for World Culture “Ithra”, held under the theme “Towards a New Arab Thinking.”
The conference will be held in Dhahran, Saudi Arabia between 2-5 December 2019.
FIKR17 will bring together high-level officials, politicians, intellectuals, and media personalities led by Prince Khalid Al-Faisal, President of the Arab Thought Foundation, and Arab League Secretary General Mr. Ahmed Aboul Gheit. Over the course of FIKR17, these thought leaders will provide deep understanding and paths to solutions for key questions facing the Arab World and its future, including:

  • What are the challenges of technology, science and modern approaches to knowledge?
  • Where are we currently from renewing our societies and social concepts?
  • Where does the Arab individual stand within the international system, and how does he tackle the subject of globalization while defending an interactive identity that is open to the world?
  • Where are Arab intellectuals in their attempts to renew the Arab thought, and in building a renewed philosophy capable of making contributions to the global effort of contemporary thought?

Conference Program Details
Monday, December 2: FIKR17 will open with a formal ceremony at 7:00 pm, including a speech by Professor Dr. Henry Awit, Director General of the Arab Thought Foundation, followed by a speech from the representative of “Ithra”, the Lead Partner of the conference. It will also include speeches by Arab League Secretary General Mr. Ahmed Aboul Gheit and HRH Prince Khalid Al-Faisal, President of the Arab Thought Foundation.
Tuesday, December 3: FIKR17 will start with an opening session titled “Arab Thought and Innovation Prospects,” followed by the first general session entitled “Today’s world…tomorrow’s world: transformations, challenges, and visions”.
In addition, four specialized sessions will be held under the following headlines:. Delivering new educational policies to help build a new Arab Thought, The role of social and human sciences in renewing Arab Thought, New perspectives on the concepts of state, citizenship and participation, Pluralism and the culture of tolerance and social peace.
Wednesday, December 4: The conference will continue with four specialized morning sessions covering the topics of ” Towards a new understanding of growth, Industry and manufacturing:analysis of pillars for development, Digital Economy, The role of civic society in renewing Arab Thought.
In the afternoon, the second general session will be held on the “4th Industrial Revolution” followed by reports on youth discussion groups.
Thursday, December 5: The conference will conclude with detailed reports on the specialized sessions. At 12:00 pm, the third general session titled “Arab Intellectuals and Their Role in Arab Thought Renewal” will be held, followed by the closing remarks.