Saudi Gazette report
RIYADH — Saudi Minister of Trade and Mineral Assets Bandar Alkhorayef held bilateral assembly with U.S. Secretary of Power Chris Wright throughout his present official go to to the USA. The discussions centered primarily on strengthening mining cooperation between the 2 international locations. Additionally they reviewed joint alternatives within the crucial minerals sector.
Through the assembly, they emphasised the significance of advancing cooperation to assist crucial mineral provide chains amid rising world demand throughout the framework of the Memorandum of Cooperation, signed in Could 2025 between the Saudi Ministry of Trade and Mineral Assets and the U.S. Division of Power on the sidelines of the Saudi-U.S. Funding Discussion board in Riyadh.
Alkhorayef emphasised the Kingdom’s dedication to enhancing the funding setting within the mining sector by rising its attractiveness and streamlining regulatory and legislative procedures. These efforts are a part of Saudi Arabia’s broader technique to discover and develop its mineral assets, aiming to maximise its financial diversification agenda.
Through the assembly, Wright highlighted the Kingdom’s outstanding place and important affect within the world mining sector. He underscored the significance of strengthening worldwide cooperation, fostering public-private partnerships, and accelerating the adoption of superior mining applied sciences to drive sustainable progress within the mining and minerals trade.
The assembly highlighted the Future Minerals Discussion board, hosted yearly by the Kingdom, and its function as a number one world platform that brings collectively decision-makers, non-governmental organizations, main buyers, mining expertise firms, and analysis establishments to develop modern options that deal with the challenges dealing with the mining and minerals sector and promote its long-term sustainability.
The minister additionally prolonged an invite to the U.S. power secretary to take part within the fifth version of the Future Minerals Discussion board, scheduled to be held in Riyadh from January 13 to fifteen, 2026.
