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Saudi mining and minerals conference: $19 billion projects in spotlight.

ARAB NEWS

RIYADH: Saudi Arabia is organizing its first ever international mining and minerals conference and exhibition in a bid to boost a sector that offers $19 billion worth of opportunities in upstream and downstream projects. According to the latest data from MEED Projects, a leading regional tracking and analysis platform in the Middle East, upstream projects (extraction, mining) under execution or pre-execution is worth $4 billion, while downstream projects (mineral/metal processing plants) under execution or pre-execution is valued at $15 billion. "With the massive size and scale of opportunities involved, Saudi Arabia is keen on strategically developing an industry that will not only help diversify its economy, but also sustainably and strategically utilize its abundant mineral resources to become a leading regional hub and global commodities supplier," says Edmund O' Sullivan, chairman, MEED Events, which is organizing the conference component of Saudi Minerals and Mining 2015. The conference is scheduled to take place from Oct. 27 to 29 at the Prince Sultan Grand Hall, Al Faisaliah Exhibition & Convention Center in Riyadh. More than 3,000 delegates are expected to attend the event, including government officials, investors, mining specialists, business leaders, mine owners and international operators. The conference will feature local and international experts who will share insights on how key stakeholders can explore the wealth of opportunities within the Kingdom's mining and minerals sector and the extended value chain. It will be keynoted by Ali Al-Naimi, Minister of petroleum and mineral resources, who will be joined by important decision-makers and thought leaders.

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Publication:Arab News (Jeddah, Saudi Arabia)
Article Type:Conference news
Date:Sep 30, 2015
Words:269
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