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Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
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Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA
An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser has met with Romanian Minister of Transport, Infrastructure, and Communications Sorin-Mihai Grindeanu.

The meeting took place during Al-Jasser’s official visit to Romania.

Al-Jasser and Grindeanu discussed various ways to enhance cooperation between the two countries. The ministers also engaged in discussions on several topics of mutual interest.

Following their talks, the ministers signed a memorandum of understanding (MoU) to strengthen cooperation between Saudi Arabia and Romania in the field of logistics services.

Romanian Minister of Research, Innovation, and Digitalization Bogdan-Gruia Ivan, Saudi Ambassador to Romania Mohammed Abdul Ghani Khayat, and Al-Jasser's delegation were present at the meeting.

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Saudi Arabia Unveils Extensive Mineralized Belts for Exploration Firms

Saudi Arabia’s Ministry of Industry and Mineral Resources is inviting local and international companies to participate in the Exploration Licensing for launched mineralized belts (Reuters)
Saudi Arabia’s Ministry of Industry and Mineral Resources is inviting local and international companies to participate in the Exploration Licensing for launched mineralized belts (Reuters)
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Saudi Arabia Unveils Extensive Mineralized Belts for Exploration Firms

Saudi Arabia’s Ministry of Industry and Mineral Resources is inviting local and international companies to participate in the Exploration Licensing for launched mineralized belts (Reuters)
Saudi Arabia’s Ministry of Industry and Mineral Resources is inviting local and international companies to participate in the Exploration Licensing for launched mineralized belts (Reuters)

Saudi Arabia's Ministry of Industry and Mineral Resources has unveiled its largest mineralized belts to date, spanning 4.7 thousand square kilometers and including five new exploration licenses.
The Ministry is inviting major mining and exploration companies to participate in the current Exploration Licensing Rounds, aiming to unlock the extensive mineral wealth of these belts.
The Ministry’s spokesperson, Jarrah Al-Jarrah, emphasized that this initiative underscores Saudi Arabia’s commitment to strengthening its mining and minerals sector and creating investment opportunities.

The five available exploration licenses are part of the Ministry’s strategy to boost exploration investment and support Vision 2030 objectives, which aim to position mining as a key industry in the Kingdom.
These licenses cover significantly larger areas than previous rounds and are targeted at high-net-worth companies with developed base and precious metal mines.
Saudi Arabia is seeking investors capable of exploring and discovering large, tier-1 deposits within approximately 1,000 square kilometers of exploration licenses. The Kingdom’s infrastructure and competitive financing options make it well-positioned to develop new tier-1 sites.
The Ministry is inviting local and international companies to participate in the Exploration Licensing for the following mineralized belts:
- Jabal Sayid: Three exploration licenses covering 2,892 square kilometers. The belt contains copper, zinc, lead, gold, and silver.
- Al-Hajjar: Two exploration licenses at the Wadi Shwas VMS Belt, covering 1,896 square kilometers. This site holds deposits of gold, silver, copper, and zinc.
Al-Jarrah highlighted that Jabal Sayid and Al-Hajjar are the largest mineralized belt sites ever launched by the Kingdom.
The bidding process for the exploration licenses will be transparent and conducted in stages, beginning with pre-qualification from July to October 2024.
Qualified bidders will then submit technical proposals and social and environmental impact management plans by December 2024, with the winners announced and licenses granted in January 2025.