Saudi Arabia is actively seeking to boost French and European investment in its mining and industrial sectors, presenting significant opportunities at the Gulf Vision 2026 Forum held in Paris. The Kingdom’s efforts are part of its broader Vision 2030 strategy, which aims to diversify the national economy and foster economic transformation. Khalid Al-Mudaifer, addressing the forum, emphasized mining’s increasing importance as a cornerstone of the country’s economic framework.
The Kingdom estimates its mineral resources to be valued at over $2.5 trillion, with substantial deposits of gold, copper, zinc, phosphates, aluminum, and rare earth elements. To harness these resources, Saudi Arabia plans to expand mineral exploration and enhance downstream industries. The goal is to build integrated industrial value chains that will sustain long-term economic growth.
At the forum, Saudi officials engaged with French government representatives and prominent companies in the mining industry. Discussions centered on investment opportunities, technology transfer, and sustainable mining practices, with a focus on potential joint ventures. These interactions are part of Saudi Arabia’s strategy to attract international expertise and capital to its growing mining sector.
Saudi Arabia has implemented reforms to create a more inviting investment climate, featuring updated regulations and new incentives for international investors. Additionally, the Kingdom is working to localize mining technologies and develop a skilled national workforce, which are crucial elements of its economic diversification efforts.
As part of its ambitious economic transformation agenda, Saudi Arabia continues to elevate mining as a key driver of diversification. By strengthening its presence in global supply chains and advancing manufacturing industries, the Kingdom aims to establish itself as a pivotal player on the international stage.