Future Minerals Forum Concludes In Riyadh, Showcasing Global Mining Opportunities And Agreements

The Ministry of Industry and Mineral Resources recently concluded the fourth Future Minerals Forum (FMF) in Riyadh, held under the patronage of King Salman bin Abdulaziz Al Saud. The event took place from January 14-16 at the King Abdulaziz International Conference Center. Minister Bandar Alkhorayef expressed gratitude to the leadership for their support, highlighting the forum's role in showcasing Saudi Arabia's prominence in the mining sector.

Alkhorayef emphasised that this support aligns with Vision 2030, aiming to make mining a key part of Saudi industry. He thanked international ministers, partners, and sponsors for enriching the forum's sessions. Discussions led to innovative solutions for sustainable local community engagement in mining. The FMF has evolved into a global platform addressing challenges and opportunities in the sector.

The forum attracted 18,000 investment leaders, major mining company heads, and experts from 165 countries. A total of 405 speakers, including ministers and ambassadors, participated in 96 sessions. These sessions explored adding value to mineral supply chains, fostering cooperation, and investing in infrastructure while focusing on untapped resources in Africa and Asia.

Key discussions also included enhancing investment partnerships in mining projects and exploring new areas to support manufacturing sectors. The use of artificial intelligence technologies was highlighted as a means to enable future decisions. Strategies were discussed for building resilient mineral supply chains and leveraging local investments to drive sector growth.

The FMF announced 126 agreements and memoranda of understanding worth SAR107 billion. These covered exploration, mining, financing, research and development, innovation, sustainability, value-added chains, and mining industries. The forum underscored integrating local communities into the minerals value chain while linking innovation with sustainability for a sustainable future.

Minister Alkhorayef noted that the outcomes of this forum would initiate a new phase of development and growth. This will contribute to economic and social development globally by continuing cooperation and partnership efforts within the sector.

The FMF originally aimed to highlight mining regions from Africa to West Asia but has grown into a globally recognised platform. It brings together sector leaders to discuss key challenges and opportunities. The success of this transformation is a source of pride for all involved.

With inputs from SPA