Monday , June 21 2021

"Al Falih" highlights the strategic plan for the development of the mining sector in Saudi Arabia

Minister of Energy, Industry and Mineral Resources Eng. Khalid bin Abdulaziz Al-Falih, President of the 14th International Arab Conference on Mineral Resources, participated in the Fifteenth Conference session held in Cairo during the period from 18 to 20 Rabi & # 39; Al Awali 1440H. President of the Arab Republic & # 39; to Egypt Abdel Fattah al-Excises, and attended regular consultative meeting of Arab ministers concerned with the mineral wealth sector, which is held in the conference side.

In his speech at the opening of the conference, Eng. Al-Faleh said: "The links between the Arab countries are hereby & # 39; health and common, and common historical and cultural depth is one of the most powerful links and b & # 39; health between the Arab countries , Saudi Arabia and the Arab Republic of Egypt with & # 39; in particular. political visions combine two sisters b & # 39; economic ties, a & # 39; security and territorial characteristics.

He pointed out the geological links between the two countries, noting that the area & # 39; in the United Arab guard and the Nubian Shield area in Egypt are two extensions & # 39; one geological zone, providing valuable opportunities for cooperation between the two countries in & # 39; this strategic sector.

The Minister & # 39; Energy, Industry and Mineral Resources affirmed that the conference is considered the most important Arab meetings that aim to develop the mining sector and support investment in mining in the Arab world. manufacturing industries whose products are integrated with all the requirements and necessities of life.

Al-Falih called for reduced efforts for the development of the mining sector and cooperate with, by creating an environment of & # 39; suitable investment for its growth and improve economic integration of Arab & # 39; this sector to achieve growth and prosperity of citizens and the Arab world.

He expressed hope that the conference will provide a good opportunity to strengthen Arab cooperation all the elements in the level & # 39; research and advanced technology and introducing the latest equipment and devices used in all stages of mining activities. And the means to improve the mining sector and the Arabic mining industries.

He pointed out that the fifteenth Conference is particularly important because it embraces the seventh & # 39; & # 39 meeting; periodic consultation of Arab Ministers concerned with minerali.Huwa wealth sector pointed out that the mining sector in the UK receiving the care and attention of management and the government is set tiegħu.Is Looking at aimed at development and development to develop the mining sector through the implementation of & # 39; a comprehensive, targeted and policy, which includes 42 initiatives aimed at restructuring the sector and increase its contribution development & # 39 for gross domestic product of $ 17 billion to $ 64 billion, Opportunity & # 39; 2030 work, work to increase the added value of minerals; less developed regions and access to the mining sector to become the third pillar of the Saudi economy oil and petrochemicals.

He said: "The Kingdom has the ingredients to achieve these objectives, God ħabbeb its territory & # 39; unique geological diversity and abundance of & # 39; mineral resources b & # 39; many raw materials, studies indicate the value of potential geological inventory in the UK exceeds trillions and $ 300 million, area of ​​& # 39; Arabian Shield & # 39; 630,000 square kilometers. "

He added: "United are looking through strategic mining plan to invest its mineral wealth and develop chains & # 39; associated value to it to become an essential element on the industry map -minjieri and global mining ", while pointed out that the Custodian of the Two Holy Moscow King Salman bin Abdulaziz Al Saud – launched the industrial north promise projects, which will make the Kingdom a second the largest in the world in the production of & # 39; phosphate fertilizers and explains the Kingdom look through the mining projects become among the top ten in the production of aluminum and double production a & # 39; P current production, while providing incentives and environmental building & # 39; safe investment to attract investors to the mining sector in the Kingdom.
Minister & # 39; Energy, Industry and Mineral Resources Khalid Al-Faleh of the presidency of the Conference the Minister of Petroleum and Mineral Resources of & # 39; Egypt Eng Tariq Al Mulla by stressing that the transfer of the presidency & # 39; this conference the Kingdom to Egypt is just a continuation and completion of the role and the efforts made during this United is ready to provide all support to Egypt to meet the objectives and achieve the aspirations of the conference.

The conference will be held under the title: "Investing in Mining and Economic Development in the Arab World" will last for three days. It aims to introduce the prospects of the Arabic mining sector and promote opportunities for mining investment in the Arab countries and international. technical exhibition will be held at the conference side, which is an opportunity for direct meeting between investors, experts and specialists who work in the Arabic mineral wealth sector.

Thank you for your follow up. '' Al-Falih "highlights the strategic plan to develop the mining sector in Saudi Arabia" on the Monitor newspaper, to inform you that the content & # 39; this news was written or written him by the newspaper editors "Economic newspaper" and does not reflect (if any) means that the news has been documented source but in the case of & # 39; complaint or question the credibility of the news you & # 39; By deleting the news & # 39; 'Service / Delete "above and the article will be deleted within 24 hours, God willing … best regards

source: economic newspaper

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