Arab Parliament, World Bank Discuss Development in Arab Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)
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Arab Parliament, World Bank Discuss Development in Arab Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)

Arab Parliament Speaker Adel bin Abdulrahman Al-Asoumi has met with World Bank President Ajay Banga in Washington, D.C. to discuss ways to strengthen relations and the development of Arab countries.
Al-Asoumi said that developing the human capital is an important, and urgent, priority for Arab countries, and a foremost concern for both the Arab Parliament and the World Bank. It is the basis for joint work toward development, SPA reported.
The General Secretariat of the Arab Parliament in Cairo said that Al-Asoumi indicated that Arab countries have great development needs in many areas where the World Bank plays an important role, noting that the difficult humanitarian situation in the Gaza Strip requires urgent intervention in many areas of development, notably health and education. A number of constructive proposals were also given for consideration by the World Bank.



AlKhorayef: Saudi Arabia Has Become a Major Global Player in Mining Sector

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef speaks at the roundtable in Sao Paulo. (Saudi Ministry of Industry and Mineral Resources)
Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef speaks at the roundtable in Sao Paulo. (Saudi Ministry of Industry and Mineral Resources)
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AlKhorayef: Saudi Arabia Has Become a Major Global Player in Mining Sector

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef speaks at the roundtable in Sao Paulo. (Saudi Ministry of Industry and Mineral Resources)
Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef speaks at the roundtable in Sao Paulo. (Saudi Ministry of Industry and Mineral Resources)

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef stressed on Tuesday that the Kingdom has proven its strength in the field of mining, becoming a major global player in the field.

It is forging ahead in developing its mining sector as part of the Kingdom’s efforts to diversify its economy, he said during his participation in a roundtable meeting organized by the Federation of Industries of the State of Sao Paulo during his official visit to Brazil.

The roundtable was attended by several leading figures in the mineral wealth sector.

AlKhorayef said mining is a global issue that demands international leadership and cooperation given its importance in pushing forward the energy transition across the world.

“The Kingdom recognizes that global mineral production challenges require collective leadership,” he added.

“Our strategy for real progress is rooted in collaboration, and while we maintain our ambitious goals, we focus on forging strong partnerships worldwide,” he stressed.

“Mineral production transcends economic value; it embodies the potential of our country and people. With our rich resources, skilled workforce, and exceptional investment opportunities, the Kingdom is poised for transformative growth,” he went on to say.

Moreover, AlKhorayef highlighted the fourth edition of the International Mining and Resources Conference, set to take place in Riyadh in January, saying it has become the most important platform for discussing opportunities, issues, and solutions in the global mining sector.

The minister said Saudi Arabia’s national industry strategy aims to diversify 12 main sectors and provide job opportunities at over 800 projects that are worth a trillion riyals.

Furthermore, the minister said Saudi Arabia was seeking to “revolutionize the pharmaceutical sector, with a target to localize 80-90% of insulin production and attract top-tier investments in healthcare.”

He highlighted the Kingdom’s wealth of natural resources and human capital, major investment opportunities and modern infrastructure.

AlKhorayef kicked off his visit to Brazil on July 22. He is later set to visit Chile.