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.
