Saudi Finance Minister Participates in World Governments Summit, 9th Arab Fiscal Forum

Saudi Minister of Finance Mohammed Al-Jadaan (SPA)
Saudi Minister of Finance Mohammed Al-Jadaan (SPA)
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Saudi Finance Minister Participates in World Governments Summit, 9th Arab Fiscal Forum

Saudi Minister of Finance Mohammed Al-Jadaan (SPA)
Saudi Minister of Finance Mohammed Al-Jadaan (SPA)

Saudi Minister of Finance Mohammed Al-Jadaan has participated in the World Governments Summit and the Ninth Arab Fiscal Forum, held from February 10 to 13 in Dubai, the United Arab Emirates.
Al-Jadaan chaired the third session of the forum, titled "Fiscal Policy and Climate Resilience," with the participation of ministers, government officials, and economic experts from various countries, SPA reported.
The session addressed the economic costs of climate change in the region and associated financial risks and pressures, including debt sustainability challenges, mainly for heavily indebted countries. Speakers also presented a series of solutions to enhance climate adaptation capabilities.
Al-Jadaan also participated in a high-level roundtable discussion at the summit under the theme "Reimagining the Future of Multilateral Cooperation and the Future Fund."
On the sidelines of the summit, the minister of finance signed a memorandum of understanding on financial cooperation between Saudi Arabia and the United Arab Emirates with the Minister of State for Financial Affairs of the UAE, Mohamed bin Hadi Al Hussaini.



Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024
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Saudi Mining Licenses Reach 2,401 by End of 2024

Saudi Mining Licenses Reach 2,401 by End of 2024

The Saudi Ministry of Industry and Mineral Resources announced on Sunday that the number of valid mining licenses in the Kingdom has reached 2,401 by the end of 2024.

The licenses cover various categories, including mining, exploration, reconnaissance, building materials quarries, and small mine operations.

According to the 2024 Mining Sector Indicators Bulletin, issued by the National Industrial and Mining Information Center, the majority of these licenses were granted for building materials quarries (1,481), followed by exploration (642), mining and small mining exploitation (215), reconnaissance (41), and surplus mineral ore extraction (22).

The bulletin serves as a critical tool for monitoring developments in the mining sector, tracking both existing and newly issued licenses across various regions of the Kingdom. By boosting transparency and providing accurate data, the initiative supports investors and decision-makers in making informed choices that contribute to the sector’s growth and sustainability.