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Egypt Seeks to Launch Partnerships with Saudi Arabia in Productive Sectors

An Egyptian delegation, headed by the Minister of Trade and Industry Ahmad Samir, held a series of meetings with senior officials in Riyadh. (Asharq Al-Awsat)
An Egyptian delegation, headed by the Minister of Trade and Industry Ahmad Samir, held a series of meetings with senior officials in Riyadh. (Asharq Al-Awsat)
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Egypt Seeks to Launch Partnerships with Saudi Arabia in Productive Sectors

An Egyptian delegation, headed by the Minister of Trade and Industry Ahmad Samir, held a series of meetings with senior officials in Riyadh. (Asharq Al-Awsat)
An Egyptian delegation, headed by the Minister of Trade and Industry Ahmad Samir, held a series of meetings with senior officials in Riyadh. (Asharq Al-Awsat)

Egyptian Minister of Trade and Industry Ahmad Samir said his country is seeking to launch industrial partnerships with Saudi Arabia in a number of productive sectors with the aim of achieving industrial integration between Cairo and Riyadh, and strengthening joint cooperation frameworks.  

Samir emphasized the need to take advantage of the great potentials in Egypt and Saudi Arabia, mainly the specialized industrial cities, the availability of manpower, and production inputs, in order to secure the needs of the Egyptian and Saudi markets and promote exports to a large number of regional and global countries.  

The Egyptian minister concluded on Sunday an extensive visit to the Kingdom, where he met with a number of Saudi officials, including Minister of Industry and Mining Bandar AlKhorayef, Minister of Commerce Dr. Majid Al-Qasabi, Mohammad Abdulaziz, acting governor of the Foreign Trade Authority, Abdul-Rahman bin Sulaiman, Chairman of the Saudi Export Development Authority, and others.  

In a press statement, Samir said he discussed with Saudi officials ways to improve bilateral trade and investment relations, benefit from the great economic potential in Egypt and Saudi Arabia, and translate them into tangible cooperation projects.  

The minister emphasized the need to enhance joint efforts to facilitate intra-trade movement. He noted that trade exchange between Egypt and Saudi Arabia surged 41.3% year-on-year in 2021, reaching around $4.572 billion in 2021, compared to $3.236 billion in 2020.  

He also revealed that Saudi investments in Egypt amounted to $6.12 billion in 6,017 projects in the fields of manufacturing, construction, tourism, agriculture, services, finance, telecommunication, and information technology.  

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Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
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Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)

Saudi Arabia is pushing to become a global hub for critical minerals, aiming to be the “Silicon Valley” of mining. At the fourth Future Minerals Forum in Riyadh, the kingdom announced new deals, investment plans, and discoveries.
Industry Minister Bandar Al-Khorayef said Saudi Arabia will explore mineral opportunities across 50,000 square kilometers this year. The Kingdom also unveiled a $100 billion mining investment plan, with $20 billion already in advanced stages or under construction.
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Aramco has identified “promising” lithium concentrations exceeding 400 parts per million in its operational areas, with lithium production in the kingdom expected to begin as early as 2027.
In line with this, Aramco revealed a joint venture with Saudi Arabian Mining Company (Ma’aden) to explore and produce minerals critical to the energy transition, including extracting lithium from high-concentration deposits.
The latest edition of the Future Minerals Forum brought together over 20,000 participants from 170 countries and featured 250 speakers across more than 70 sessions.
Saudi ministers and international officials highlighted key challenges facing the mining sector, including the need for increased private sector investment, advanced technology, regulatory frameworks, supply chain issues, carbon emissions from production, and a shortage of skilled talent.
In early 2024, Saudi Arabia’s Ministry of Industry and Mineral Resources raised its estimate of the kingdom’s untapped mineral resources from $1.3 trillion to $2.5 trillion, driven by new discoveries.
At last year’s forum, the ministry launched a $182 million mineral exploration incentive program to reduce investment risks, support new commodities, promote green projects, and empower small-scale mining operators.
Additionally, Al-Khorayef launched the Mining Innovation Studio at the Future Mineral Forum 2025.
In his opening remarks, Al-Khorayef stated that the new studio was designed to attract global talent and accelerate cutting-edge technology, in alignment with Riyadh’s vision to become the “Silicon Valley of mining”.
He clarified that the Kingdom is promoting upcoming exploration opportunities across 5,000 square kilometers of mineralized belts in 2025 as it continues its steadfast growth in the mining sector.
Al-Khorayef further noted that the Saudi mining sector is the fastest growing globally, and affirmed that its mineral potential stands at an estimated $2.5 trillion.
He elaborated that the allocation of new exploration sites to tap mineral wealth is part of Saudi Arabia’s efforts to establish mining as the third pillar of the Kingdom’s industrial economy.