Saudi Mining Strategy Centers On Localising Processing And Manufacturing To Strengthen Industry

Saudi Arabia is sharpening its mining strategy by tying mineral development closely to industrial growth, according to Minister of Industry and Mineral Resources Bandar Alkhorayef. The Minister spoke at a press conference in Riyadh after the international ministerial meeting linked to the fifth edition of the Future Minerals Forum.

Alkhorayef explained that the Ministry of Industry and Mineral Resources name signals this direction clearly. The Ministry links mining projects with downstream industrial activities, aiming to maximise national value. This approach places processing and manufacturing at the centre of Saudi economic plans for the mineral sector.

The Minister said the Kingdom’s mining strategy depends on localising processing and manufacturing operations as a core principle. Alkhorayef noted that this is not just a strategic option. It arises from a competitive strength that combines rich mineral deposits, reliable energy supplies, and a location connecting regional and global markets.

Alkhorayef also announced a specialised platform designed to monitor supply and demand across mineral categories. The system will identify domestic industrial needs with greater accuracy. Saudi Arabia will export surplus volumes of some minerals. At the same time, the Kingdom plans targeted imports or new projects to address gaps in other materials.

Vice Minister of Industry and Mineral Resources for Mining Affairs Khalid Al-Mudaifer underlined the rising role of rare earth elements. Al-Mudaifer said these materials now support key industries, including robotics, electric vehicles, and advanced magnet technologies that underpin the modern global economy.

Al-Mudaifer added that Saudi Arabia is cooperating with international partners to help African countries benefit from mineral resources. Work is under way on logistical corridors and integrated infrastructure for energy, water, and transport. These projects aim to support exploration activities and enable African states to develop their mining sectors.

With inputs from SPA