Saudi Arabia, UK Discuss Ways to Boost Industrial and Mining Cooperation

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met in Riyadh with UK Secretary of State for Business and Trade Jonathan Reynolds. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met in Riyadh with UK Secretary of State for Business and Trade Jonathan Reynolds. SPA
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Saudi Arabia, UK Discuss Ways to Boost Industrial and Mining Cooperation

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met in Riyadh with UK Secretary of State for Business and Trade Jonathan Reynolds. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met in Riyadh with UK Secretary of State for Business and Trade Jonathan Reynolds. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and visiting UK Secretary of State for Business and Trade Jonathan Reynolds discussed on Tuesday opportunities to boost industrial and mining cooperation, and promising investment opportunities for British companies in the two sectors.

They also discussed ways to strengthen the economic partnership between Saudi Arabia and the UK, particularly in the industrial and mining sectors.

The talks tackled encouraging British investors to capitalize on the Kingdom's promising opportunities, leveraging its competitive advantages, including abundant natural resources, advanced infrastructure, and a diverse energy mix.

A key focus of the discussion was enhancing cooperation in the field of critical minerals. Given the growing global importance of these minerals for energy transition and advanced industries like aviation, electric vehicles, and medical technology, the two parties explored opportunities for future expansion in this area.



Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning
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Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

The Saudi Ministry of Economy and Planning and Oman's Ministry of Economy signed on Thursday a memorandum of understanding (MoU) focusing on cooperation in medium- and long-term economic planning, economic studies and modeling, economic policies and plans, and green and circular economies.
The MoU aims to implement cooperation through the exchange of information, expertise, studies, and visits between experts and specialists, as well as the organization of conferences, seminars, and workshops. The agreement will remain in effect for five years.
Saudi Minister of Economy and Planning Faisal Alibrahim and Omani Minister of Economy Dr. Saeed bin Mohammed Al-Saqri signed the MoU, which stipulates enhancing cooperation in economy and planning based on mutual interests and in accordance with the regulations and laws in both countries.
Signing the MoU is part of efforts to enhance cooperation among Gulf Cooperation Council (GCC) countries and boost bilateral relations between Saudi Arabia and Oman.