Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said that the National Minerals Program will be a strong and supportive tool to enhance the quality of supply chains, ensure continuity of supply to local industries and major projects, develop the country’s infrastructure, and achieve the goals of Vision 2030.
He noted that the program will play an effective role in advancing the growth of the sector and exploiting the mineral resources in the Kingdom.
On Tuesday, the Saudi Council of Ministers, chaired by Crown Prince Mohammed bin Salman, approved the establishment of the program within the Ministry of Industry and Mineral Resources, with the aim to raise the efficiency and adequacy of supply chains for current and future minerals, and enhancing their continuity in the region and the world, within the country’s efforts to maximize the value achieved from the sector.
Alkhorayef explained that the adoption of the program highlights the Saudi leadership’s endeavor to promote the sector.
He added that Saudi Arabia seeks to develop mineral value chains so that mining becomes the third pillar of the national industry, and to benefit from the Kingdom’s geographical location, which represents one of the most important major commercial intersections, supported by a wide base of advanced, integrated and diverse infrastructure.
The minister indicated that the program will work to fundamentally unify the main roles between the various parties, and fill the existing gaps to ensure the continuity of supply chains for minerals, as well as build local capabilities, contribute to exploration operations, and ensure the stability of supply to local industries and major projects.
