Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings with leaders of prominent Indian mining companies to discuss mining investment opportunities in both countries, boost cooperation in exploration, production, and processing of critical metals, and foster knowledge exchange and innovation in the sector.
Alkhorayef held discussions with Vedanta regarding investment opportunities within the value chains of copper metal to pave the way for deeper cooperation in the development of this essential metal. Additionally, he explored promising investment opportunities in the iron sector with the company Bharat Forge, reported the Saudi Press Agency on Friday.
During a meeting with Aditya Birla, a company specializing in copper and aluminum, Alkhorayef discussed potential collaboration in the exploration and processing of key minerals.
The Indian company expressed its intention to establish a framework for identifying areas of joint cooperation in the natural and mineral resources sectors. The meeting also addressed shared opportunities in aluminum manufacturing.
Alkhorayef met with Essar Company to review opportunities in the iron and steel sector, as well as updates on the company's project in the Kingdom aimed at producing iron plates for construction purposes.
Alkhorayef's meetings were part of his official visit to India that is focused on strengthening bilateral economic relations and attracting investments to the Kingdom's industrial and mining sectors.
