Saudi Arabia aims to be global hub for green energy, minerals: Al-Mudaifer

Khalid Al-Mudaifer Vice Minister of Industry and Mineral Resources for Mining Affairs

Saudi Arabia has a vision for minerals, clean energy, and fossil fuels, along with investments in new technology, said Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, looking forward to making the Kingdom a global hub for green energy and minerals.

The Kingdom welcomes all investments in all mining sectors as well as investment systems in technology and infrastructure.

Al-Mudaifer also pointed to the significance of technology in surveying, prospecting, manufacturing, producing green hydrogen and green minerals, and reducing the environmental impact of carbon to keep up with the development of several sectors in the Kingdom of Saudi Arabia, including oil and gas.

He also reviewed the incentives of factories and stations to attract young generation to implement programs for them, noting that incentives worth $200 million were spent in the previous years to stimulate digital transformation, renewable energy, and energy efficiency.

Al-Mudaifer also discussed the incentives and regulations provided to mining experts and discoverers, as well as the potential for up to 90% cost savings if materials are used and processed locally.