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Saudi Arabia Appoints 4 International Consultants For Mining Project

A view shows Maaden Aluminium in Ras Al Khair, Saudi Arabia November 23, 2016. Picture taken November 23, 2016. REUTERS/Zuhair Al-Traifi
A view shows Maaden Aluminium in Ras Al Khair, Saudi Arabia November 23, 2016. Picture taken November 23, 2016. REUTERS/Zuhair Al-Traifi
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Saudi Arabia Appoints 4 International Consultants For Mining Project

A view shows Maaden Aluminium in Ras Al Khair, Saudi Arabia November 23, 2016. Picture taken November 23, 2016. REUTERS/Zuhair Al-Traifi
A view shows Maaden Aluminium in Ras Al Khair, Saudi Arabia November 23, 2016. Picture taken November 23, 2016. REUTERS/Zuhair Al-Traifi

A Saudi official revealed the signing of agreements with four international consultants to implement the projects of the General Program for the Geological Survey.

Minister of Industry and Mineral Resources, Chairman of the Board of Directors of the Saudi Geological Survey, Bandar bin Ibrahim Al-Khorayef, visited the headquarters of the Geological Survey Authority in Jeddah to review the progress of the eight initiatives currently undertaken by the SGS.

Eng. Abdullah Al-Shamrani, CEO of the SGS, noted that the authority enjoyed scientific expertise and technical capabilities that help it carry out procedures, studies and research, as well as advanced technical geological surveys, which produce a high-accuracy geological database that supports aspects of local and international investment in the field of mining.

He noted that the SGS has signed four contracts with international experts and consultants, who will work with the authority to implement the projects of the General Program for Geological Survey, which is one of the most important initiatives of the comprehensive strategy for mining.

The current project stage is very important, according to Al-Shamrani, as it aims to survey about 600,000 square kilometers of the mineral-rich Arab Shield area - west of the Kingdom.

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Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

The Saudi-Portuguese Business Council, led by Chairman Alwaleed bin Khaled Al-Baltan, concluded a successful visit to Portugal, marking significant progress in boosting economic cooperation between the two nations, reported the Saudi Press Agency on Sunday.

The delegation engaged with key Portuguese officials, including the Ministers of Economy, Agriculture, Parliamentary Affairs and Sports, Infrastructure and Housing, as well as the Mayors of Porto and Leiria.

The delegation also held meetings with officials from the sports and aviation sectors, underscoring the wide-ranging potential for collaboration. Additionally, the delegation met with Saudi Arabia's Ambassador to Portugal Prince Saud bin Abdul Mohsen bin Abdulaziz to discuss the outcomes of the visit.

In Lisbon, workshops introduced Portuguese companies to investment opportunities in Saudi Arabia. With participation from Al-Hawaishel Law Firm and Bank AlJazira, these sessions detailed the Kingdom's investment systems, incentives and financing solutions.

The delegation visited several prominent Portuguese firms specializing in ports, marine warehouses, real estate, technology, media, tourism, transportation and infrastructure.

Microsaur, a technology solutions and protection systems company, and Etermar, a specialist in port operations, announced plans to establish regional headquarters in Saudi Arabia. Moreover, over 260 Portuguese companies expressed readiness to enter the Saudi market.

The visit was capped with the signing of a tripartite framework agreement between the Saudi-Portuguese Business Council, the Arab-Portuguese Chamber of Commerce and Industry, and the Portuguese Business Council. The agreement aims to strengthen economic relations and explore collaborations in aviation, tourism, sports investment, media, education, healthcare, agriculture, and fish farming.