Minister of Industry and Mineral Resources Bandar Alkhorayef met here yesterday with Italian Minister of Environment and Energy Security Gilberto Fratin to discuss strengthening cooperation in mining, sustainability, clean energy solutions, and attracting Italian investment to Saudi Arabia's mining sector. Alkhorayef highlighted the Kingdom's untapped mineral wealth, estimated at $2.5 trillion, and opportunities at all mining stages: exploration, exploitation, and processing. He said 80 years of geological data is accessible to investors on a digital platform to help facilitate informed investment decisions. He also explored opportunities for enhanced cooperation and investment in renewable energy, focusing on the integration of the supply chain to meet local, regional, and global demand. Alkhorayef welcomed the increased Italian business engagement in the Kingdom, and encouraged private sector participation in major development projects. He invited Fratin to the Future Minerals Forum in Riyadh, in early 2025, anticipating significant Italian participation. Source: Saudi Press Agency
Recent Posts
Impeachment Resolution Against US War Secretary Submitted to Congress
November 10, 2026
Iran Unveils New Missile City as Strategic Deterrent
November 10, 2026
Iraq Announces Reopening of Chazabeh Border Crossing with Iran
November 10, 2026
Iran Denies US Claims of Negotiations in Qatar
November 10, 2026
President Pezeshkian Calls for Justice in Science at Global Conference
November 10, 2026
IRGC Navy Reports Third Tanker Explosion in Hormuz Strait
November 10, 2026
Iranian and Russian Officials Discuss US Actions in Caspian Sea
November 10, 2026
Iran Asserts Defense Readiness Amidst Regional Tensions, Says VP Aref
November 10, 2026