Unlocking the Shield: Saudi Arabia Expands Global Partnerships in Critical Minerals

Spanning Saudi Arabia’s western coast, the Arabian Shield is among the world’s oldest geological formations. (SPA)
Spanning Saudi Arabia’s western coast, the Arabian Shield is among the world’s oldest geological formations. (SPA)
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Unlocking the Shield: Saudi Arabia Expands Global Partnerships in Critical Minerals

Spanning Saudi Arabia’s western coast, the Arabian Shield is among the world’s oldest geological formations. (SPA)
Spanning Saudi Arabia’s western coast, the Arabian Shield is among the world’s oldest geological formations. (SPA)

Long before Saudi Arabia emerged as an energy powerhouse, geological forces beneath the Earth’s surface were quietly enriching deposits of significant value.

Spanning Saudi Arabia’s western coast, the Arabian Shield is among the world’s oldest geological formations. Estimated to have formed between 500 and 900 million years ago through a series of volcanic, tectonic, and continental collisions, this craton preserves a remarkable record of the region’s evolution and hosts a rich concentration of critical minerals.

Today, the ancient landscape is home to some of the world’s most in-demand natural resources, further positioning the Kingdom as a rare-earth pioneer, the Saudi Press Agency reported on Monday.

Since the launch of Vision 2030, the importance of critical minerals has become a strategic priority, with the mining sector, led by Minister of Industry and Mineral Resources Bandar Alkhorayef, recognized as the third pillar of the Kingdom’s national economy. As Saudi Arabia accelerates efforts to expand renewable energy, advanced manufacturing, and digital infrastructure, critical minerals are becoming central to the nation’s industrial development and global competitiveness.

Although small in volume, rare earth elements—a group of 17 metallic elements—are indispensable components of Saudi Arabia’s $2.5 trillion mineral endowment and of modern technologies such as electric vehicles, wind turbine, aircraft systems, and data centers.

Therefore, as demand for advanced technology continues to rise, securing a consistent supply of critical minerals has become a global imperative for countries transitioning to clean energy and AI deployment. International attention is shifting beyond access to resources alone toward the development of a resilient, integrated value chain encompassing mining, processing, refining, and advanced manufacturing.

As a result, the Kingdom is uniquely positioned to benefit from this transformation, with substantial mineral discoveries reinforcing Saudi Arabia’s emergence as a premier hub for mining investments and multilateral cooperation.

This week, Alkhorayef concluded a high-level diplomatic visit to the Russian Federation, a country renowned for its vast reserves of critical minerals, including nickel, cobalt, platinum group metals, and rare earth elements.

For a century, Saudi Arabia and Russia have maintained warm bilateral relations, and the Minister’s attendance at the St. Petersburg International Economic Forum (SPIEF) this week follows a memorandum of understanding (MoU) signed between the two countries on the sidelines of the 2024 Future Minerals Forum in Riyadh.

The agreement aims to deepen collaboration across the critical-minerals value chain, while underscoring their shared commitment to joint exploration, technology exchange, and investment in mineral processing and advanced manufacturing.

Saudi Arabia’s visits to Russia over the past few years subsequently reaffirm the Kingdom’s intent to build enduring international partnerships. The country’s efforts to engage in high-level dialogue also highlight Saudi Arabia’s resolve to secure its own supply chains while equally contributing to the stability and growth of global markets.

In November 2025, the industry minister announced the value of rare earth element discoveries had reached $100 billion - an increase of 90% since 2018. He also revealed that studies conducted by the Saudi Geological Survey identified two advanced-stage exploration areas containing an estimated 644 million tons of resources, with an average grade of 0.3% total rare earth oxides.

Four additional locations have also been targeted for further evaluation, increasing the estimated resource from 364 million to 714 million tons, with concentrations up to 1.66%.

One of the most significant discoveries lies beneath the Jabal Sayyid and Jabal Quraiyah geological sites. Considered two of the world’s most auspicious mining prospects, the underground mines are located within a highly lucrative mineral belt valued at approximately $51.3 billion.

However, the Kingdom’s ambitions extend far beyond extraction. Recognizing that the greatest economic value is often generated further along the supply chain, the country is actively pursuing a blueprint to develop an integrated critical minerals ecosystem. The roadmap aims to expand Saudi Arabia’s capabilities in mining, separation, refining, and advanced manufacturing, enhancing economic value within the Kingdom while supporting global supply chain resilience.

Underpinning this strategy is a growing network of international partnerships and cooperation agreements aimed at advancing critical minerals value chains, attracting investment, facilitating technology transfer, and supporting the development of processing and manufacturing capabilities. These efforts are complemented by ongoing discussions with global industry leaders to establish processing and separation facilities that leverage both domestic and international feedstock.

By transforming the country’s mineral wealth into a catalyst for economic leadership, technological innovation, and supply chain security, Saudi Arabia is positioning itself as a key player in the global energy transition. Much like the vast Arabian Shield, these ambitions are rooted in ancient foundations that now drive a bold, forward-looking vision.

Saudi Arabia is not just shaping its own future — it is helping build the resilient supply chains needed to support global growth and development for decades to come.

 



Port Security and Trade Continuity: A New Formula for Saudi Competitiveness

A panel discussion featuring Professor Waheed Sami Abu Shanab (Conference)
A panel discussion featuring Professor Waheed Sami Abu Shanab (Conference)
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Port Security and Trade Continuity: A New Formula for Saudi Competitiveness

A panel discussion featuring Professor Waheed Sami Abu Shanab (Conference)
A panel discussion featuring Professor Waheed Sami Abu Shanab (Conference)

Port competitiveness is no longer just about handling more ships and containers. Keeping trade moving and infrastructure secure against physical and cyber threats has become just as critical, as ports grow more reliant on digital systems and supply chains become increasingly complex.

The economic fallout from port disruptions and their impact on global trade took center stage at a session titled "Securing Infrastructure" during the Saudi Maritime and Logistics Congress 2026, which opened Wednesday in Jeddah with maritime and infrastructure security experts in attendance.

Discussions focused on threats facing ports and shipping companies, particularly cyberattacks capable of crippling operations and disrupting trade, and the need to strengthen port readiness to keep services running and limit economic losses.

Professor Waheed Sami Abu Shanab, a professor of marine engineering at King Abdulaziz University's Faculty of Maritime Studies, said Saudi ports now face a challenge that goes beyond expanding capacity: withstanding disruptions while keeping trade flowing at the lowest possible cost.

Speaking to Asharq Al-Awsat on the sidelines of the session, Abu Shanab said Saudi Arabia's ports on the Red Sea and Arabian Gulf gave the kingdom a strategic advantage as international trade routes shift. But making the most of that position requires greater investment in operational resilience, logistics connectivity and cybersecurity.

Investments top $3.7 billion

The challenges come as Saudi Arabia ramps up investment in port infrastructure. Its ports now have 34 logistics centers, including 17 at Jeddah Islamic Port, backed by investments exceeding 14 billion riyals ($3.7 billion), alongside projects to upgrade container terminals and boost handling capacity.

Abu Shanab said the investments include more than 2 billion riyals to develop a container terminal at Jubail Port and an initial 1.6 billion riyals for a fourth container terminal at Jeddah Islamic Port. Other projects involve upgrading cargo-handling equipment and expanding the use of modern operating systems.

He said future investment must focus on operational efficiency, reserve capacity and stronger links between ports, roads, railways and logistics hubs to absorb sudden surges in shipping volumes and redirect cargo when routes are disrupted.

Abu Shanab floated a preliminary proposal for an additional 10 billion to 20 billion riyals in investment over five years to strengthen strategic ports' readiness.

He stressed that the figure was a proposed planning scenario, not an official assessment of the sector's needs or an approved budget.

Cyberattacks threaten trade beyond ports

Abu Shanab warned that growing reliance on digital systems exposes ports to cyber threats whose economic impact could ripple through factories, markets and supply chains.

He pointed to the 2017 cyberattack on global shipping group Maersk, which the company estimated cost it between $200 million and $300 million after widespread disruption to its operations and systems.

A failure of digital systems managing containers, vessel schedules and cranes could leave cargo stranded, drive up delay and insurance costs, and undermine shipping companies' commitments and customer confidence, he said.

To illustrate the potential costs, Abu Shanab offered a hypothetical scenario: a delay affecting 5,000 twenty-foot equivalent units (TEUs), each incurring an additional 1,000 riyals in costs, would generate a direct bill of 5 million riyals before indirect losses.

He stressed that the calculation did not reflect actual losses at Saudi ports but illustrated the potential cost of disruptions. Investing in prevention and business continuity, he argued, could be cheaper than shutting down a strategic port.

Competitiveness goes beyond handling fees

Abu Shanab said regional ports should be judged not simply by their handling charges but by the total cost of getting goods from ships to markets, including customs clearance, storage, inland transport and schedule reliability.

Saudi ports overseen by the Saudi Ports Authority handled about 8.3 million TEUs in 2025, up 10.58% from a year earlier, highlighting growing activity and the need to expand capabilities without compromising service efficiency.

Artificial intelligence could help schedule vessel arrivals and allocate berths, while upgraded handling equipment could cut waiting times and fuel, storage and transportation costs, making services more reliable for shipping lines, he said.

"The most competitive port is not necessarily the one with the lowest fees, but the one offering the lowest total logistics cost, the greatest reliability and the fastest access to markets," Abu Shanab said.

Simulating crises before they strike

Abu Shanab called for a national simulation model using digital twins and artificial intelligence to test how ports and supply chains would respond to facility shutdowns or shifting maritime routes, and measure the time and cost of restoring operations.

He also urged stronger protection for critical infrastructure, including submarine cables, energy and telecommunications facilities, alongside improved vessel monitoring systems, disaster recovery centers and backup operating plans to keep essential services running.

Saudi Arabia's ports on two coastlines, coupled with expanding logistics services and transport networks, offer a foundation for more reliable supply chains, he said. But realizing that potential depends on matching existing investments with operational and technological readiness.

Protecting maritime infrastructure, Abu Shanab concluded, is no longer a standalone security or technical concern. It is central to port competitiveness and Saudi Arabia's ability to keep trade flowing, attract shipping lines and secure long-term investment.


Türkiye Cuts Key Interest Rate to 36%, First Cut in Months

Central Bank of Türkiye (Official Website)
Central Bank of Türkiye (Official Website)
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Türkiye Cuts Key Interest Rate to 36%, First Cut in Months

Central Bank of Türkiye (Official Website)
Central Bank of Türkiye (Official Website)

Türkiye's central bank cut its key interest rate on Thursday to 36 percent in the first cut in nine months, pointing to a recent slowdown in inflation.

At a policy meeting, the bank "decided to reduce the policy interest rate ... from 37 percent to 36 percent," it said in a statement.

It was the first cut since January when the bank cut the key rate from 38 to 37 percent, a rate which it held until Thursday's meeting.

"Despite monthly fluctuations, recent inflation figures and leading indicators confirm the downward trend," a bank statement said.

"Data on economic activity and the limited impact of supply shocks on domestic prices suggest that the weak trend in domestic demand continues," it added.

However, ongoing geopolitical tensions were keeping energy prices high, which could push inflation higher, it warned, saying the effects of such geopolitical developments "are being closely monitored".

Türkiye's annual inflation rate eased to 29.7 percent in September from 31.5 percent in August - the first time it had fallen below 30 percent in nearly five years, official figures showed.

At the time, Finance Minister Mehmet Simsek said it was at its lowest level since November 2021. "Disinflation is spreading across the board, excluding transportation," he wrote on X.

The official figures are disputed by the ENAG group of independent economists that publishes its own data, which said its figures showed year-on-year inflation stood at 46.6 percent in September.

 

 

 

 


Saudi Stock Market Drops 2.3% to Lowest Close Since 2021

A person stands in front of a screen showing falling stock prices (Reuters)
A person stands in front of a screen showing falling stock prices (Reuters)
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Saudi Stock Market Drops 2.3% to Lowest Close Since 2021

A person stands in front of a screen showing falling stock prices (Reuters)
A person stands in front of a screen showing falling stock prices (Reuters)

Saudi Arabia's benchmark stock index ended Thursday's session down 2.3 percent, shedding 231 points to close at 9,696, its lowest closing level since 2021, with total trading turnover reaching approximately SAR 4.9 billion.

The Tadawul All Share Index (TASI) fluctuated between an intraday low of 9,640 points and a high of 9,888 points.

Thursday's decline brought the index's weekly losses to more than 400 points, or 4.1 percent, marking its eighth consecutive week of declines.

Most stocks fell during the session, led by Saudi National Bank, which dropped more than 5 percent to SAR 34.62, with approximately 9 million shares traded.

Saudi Aramco and Al Rajhi Bank each declined 1 percent, closing at SAR 25.40 and SAR 59.80, respectively, while Maaden fell 5 percent to SAR 55.90.

Shares of Retal, Al Yamamah Steel, East Pipes, Jahez, Gulf Training and Saudi Steel Pipe ended the session with losses ranging from 5 to 9 percent.

Meanwhile, Electrical Industries, Abo Moati, Umm Al-Qura Cement, Saleh Al-Rashed, Wafrah, Saudi Vitrified Clay Pipe and Watani Iron Steel each fell 10 percent.

On the upside, Al-Etihad rose 10 percent to SAR 6.16, followed by JAZADCO with gains exceeding 9 percent. Shares of Al Arabia, UCIC and Saudi Kayan advanced between 1 and 3 percent.