Industry Ministry explains National Minerals Program tasks, impact

Logo of the Ministry of Industry and Mineral Resources.

The Cabinet issued a decision, on July 16, to establish the National Minerals Program under the umbrella of the Ministry of Industry and Mineral Resources.

The Ministry said in a statement on X platform that the most prominent tasks of the program include the quality and sufficiency of supply chains for current and future minerals, as well as developing and managing strategic storage of minerals.

Moreover, the program aims to secure and follow up the Kingdom’s mineral needs, develop plans and strategies, provide industrial supplies of mining raw materials, and ensure the continuity of its supply.

The Ministry pointed out that the impact of the program includes enhancing the Kingdom’s position as a global regional center for the mining and minerals sector and meeting the increasing local, regional and global needs for minerals.

In addition, the program is to build local capabilities for minerals, and contribute to exploration operations.

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said that the program will be a strong supportive tool to enhance the quality and adequacy of mineral supply chains.

The program will ensure continuity of supply to local industries and major projects, develop the Kingdom’s infrastructure, and achieve the goals of Saudi Vision 2030, he said in a statement issued by the ministry.

It will play an active role in helping the mineral sector grow and exploiting the Kingdom’s mineral wealth.

The program seeks to unify the main roles between the various parties and bridge the existing gaps to ensure the continuity of supply chains for minerals, in addition to building local capabilities for minerals.

The program will contribute to exploration operations, provide industrial supplies, and ensure the continuity of their supply to local industries and major projects.