Latest news with #Al-Mudaifer
Leaders
6 days ago
- Business
- Leaders
Industry Vice Minister Emphasizes Regional Cooperation in Mining
At the fourth annual Egypt Mining Forum, held in Cairo on July 15–16, Eng. Khalid bin Saleh Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, highlighted the critical need to strengthen regional cooperation in the mining and minerals sector. Speaking during a panel titled 'Attracting Strategic Partners and Junior Exploration Companies to Drive Sustainable Growth in the Mining Sector,' Al-Mudaifer applauded Egypt's integration of mining with downstream industries. He emphasized the untapped opportunities in East Africa and West Asia, describing the region as one of the least explored but most promising globally. 'With the right vision and integration between mining and industry — as demonstrated by the Kingdom's experience — this region can deliver transformative development,' he said. Saudi Arabia's Mining Success Al-Mudaifer shared Saudi Arabia's progress in developing its mining industry. Since 2019, the number of exploration companies in the Kingdom has grown from six to over 132, with 60% being startups. He highlighted the role of foreign investors and joint ventures, which now make up 70% of these companies, attributing this success to comprehensive regulatory reforms. The Vice Minister noted the involvement of Egyptian service companies in Saudi Arabia and called for expanded cross-border cooperation. This includes strengthening supply chains, empowering SMEs, and increasing the sector's impact on job creation and economic development. Al-Mudaifer urged stakeholders to invest in integrated regional mining ecosystems that support collective success. He stressed the role of platforms like the Egypt Mining Forum and the Future Minerals Forum in aligning efforts across governments, investors, innovators, and service providers. In his closing remarks, Al-Mudaifer announced that the fifth annual Future Minerals Forum will be held in Riyadh from January 13 to 15, 2026. He extended an invitation to continue strategic discussions, build partnerships, and realize the mineral potential of resource-rich regions including Africa, Central Asia, and West Asia. Cooperation Opportunities On the sidelines of the forum, Al-Mudaifer held bilateral meetings with ministers, CEOs, and investors. Discussions centered on attracting investment, enhancing capabilities, and developing sustainable mining ecosystems both in Saudi Arabia and the broader region. The Egypt Mining Forum brought together global mining leaders, investors, and government officials, reinforcing its role as a vital platform for dialogue and cooperation in the international mining sector. Related Topics: Mining in Mauritania: A Leading Sector with Promising Horizons Saudi Arabia Showcases Mining Exploration Opportunities to Leading UK Firms Ministry of Industry Launches Women in Mining Non-Profit Organization Short link : Post Views: 18
See - Sada Elbalad
7 days ago
- Business
- See - Sada Elbalad
Al-Mudaifer: Egypt Poised to Become a Global Gold Hub, Regional Cooperation Offers Promising Prospects
Waleed Farouk Khaled Al-Mudaifer, Saudi Arabia's Vice Minister of Industry and Mineral Resources, affirmed that Egypt possesses immense natural potential that qualifies it to become one of the most promising mining regions in the world, particularly in terms of its gold reserves and other mineral resources. He noted that Egypt's gold sector is still in its early stages, but holds significant potential for growth and development in the coming years. Al-Mudaifer also highlighted the strategic importance of the Arabian-Nubian Shield as one of the region's most promising geological formations. He emphasized the strong geological similarities between Saudi Arabia and Egypt, which could pave the way for major future mineral discoveries. He further pointed to genuine opportunities for enhancing regional cooperation between Egypt, Saudi Arabia, and Jordan in the mining sector, which would support the integrated development and optimal utilization of mineral resources across the region. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Leaders
15-05-2025
- Business
- Leaders
NEOM Names Al-Mudaifer as CEO
Saudi Arabia has confirmed the appointment of Eng. Aiman Al-Mudaifer as Managing Director and Chief Executive Officer (CEO) of NEOM, the Kingdom's giga-project and a central pillar of its Vision 2030 economic diversification goals. In a press release, the Board of Directors of NEOM announced the appointment of Al-Mudaifer as board member, Managing Director and CEO. Al-Mudaifer has served as the NEOM's Acting CEO since November 2024, bringing extensive experience to this role. His main focus was ensuring operational continuity, enhancing efficiency, and driving progress across NEOM's strategic projects and regions. Aiman Al-Mudaifer Moreover, Al-Mudaifer has a well-established career in both the public and private sectors, which boosted his leadership skills and credentials. Al-Mudaifer has been in charge of the Local Real Estate Investment Division of the Public Investment Fund (PIF) since 2018, leading major growth and transformation. He is also a board member of several PIF portfolio companies. Launched in 2017, NEOM is a visionary project in the northwest of Saudi Arabia, aimed at transforming the Red Sea coast into an unparalleled futuristic city. The innovative project will utilize 100% renewable energy, introducing a new model for urban sustainability and creating a destination for living, working and prospering. NEOM is home to a number of sub-projects, including THE LINE, Oxagon, Trojena, Magna and Sindalah. Short link : Post Views: 9
Zawya
05-05-2025
- Business
- Zawya
$355 mln spent on Saudi metal exploration
Saudi Arabia has spent nearly 1.33 billion Saudi riyals ($355 million) on exploration for metals within a drive to develop its massive mineral industry and diversify its oil-reliant economy, a senior Saudi official has said. The investments do not include spending by companies awarded mining contracts following the enforcement of a landmark mining investment law six years ago. 'The government has so far spent nearly SAR1.33 billion on mining exploration…this demonstrates its commitment to the development of minerals sector,' said Khalid Al-Mudaifer, deputy Industry and Mineral Resources Minister. Addressing a mining conference in Istanbul, Turkey, at the weekend, Al-Mudaifer said the number of mining exploration companies in the Gulf Kingdom jumped from only six in 2020 to 133 at the end of 2023. The estimated value of the country's mineral wealth has also been massively revised up from around SAR 5 trillion ($1.33 trillion) to SAR9.4 trillion ($2.5 trillion), he added. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Leaders
27-02-2025
- Business
- Leaders
Saudi Arabia Announces SR375 Billion Mining Investment Opportunities
Saudi Arabia has unveiled a SR375 billion mining investment strategy through 2035 to establish itself as a global mining leader. Eng. Khalid Al-Mudaifer, Deputy Minister of Industry and Mineral Resources, confirmed SR75 billion already funds active projects under this strategy. The plan supports Vision 2030's goals, prioritizing mining to diversify the economy and drive industrial growth nationwide. Vision 2030 Sparks Mining Sector Transformation At the BMO Global Metals, Mining, and Critical Minerals Conference in Miami, Al-Mudaifer discussed Vision 2030's impact. The initiative modernized Saudi Arabia's mining laws and attracted domestic and international investors through programs like the National Minerals Program. Government partnerships with private firms have attracted major global companies. These companies seek access to Saudi Arabia's mineral reserves. These reserves now value SR9.3 trillion, rising from SR5 trillion in recent years. HE Vice Minister for Mining Affairs, Eng. Khalid AlMudaifer, highlighted the promising investment opportunities in Saudi Arabia's mining and mineral sector as part of #Vision2030, emphasizing the Kingdom's role in enhancing the sustainability of global supply chains and… — وزارة الصناعة والثروة المعدنية (@mimgov) February 26, 2025 A dramatic 22-fold increase in exploration companies operating in the Kingdom, from six in 2020 to 133 in 2023, reflects soaring global demand for critical minerals. Annual exploration spending has surged by 32%, far exceeding the global average of 6-8%, with total investments reaching SR1.33 billion. These efforts have not only unlocked new reserves but also created jobs, directly supporting Vision 2030's economic diversification goals. Saudi Arabia Eyes Long-Term Global Competitiveness Moreover, Al-Mudaifer emphasized that the mining sector is now central to the Kingdom's economic strategy. By fostering public-private partnerships and leveraging its mineral wealth, Saudi Arabia aims to solidify its position as a key supplier of critical minerals. The Kingdom, through sustained investment and strategic alliances, will dominate the global mining landscape for decades. Saudi Arabia's SR375 billion mining investment plan exemplifies its unwavering commitment to Vision 2030. As exploration expands and international partnerships strengthen, the Kingdom is well on its way to transforming its mining sector into a driver of sustainable economic growth and global leadership. Short link : Post Views: 16
