Bandar Al -Khuraif, Minister of Business Mineral Sources
The Minister of Business Mineral Sources, Bandar Al -Khuraif, stated that alternatives are being seen to extend investments between Saudi Arabia and South Africa, the place excessive -value funding alternatives will likely be decided and enhanced, enabling Saudi traders within the South African market, and monitoring and resolving challenges.
He added in his speech throughout the Saudi South African Enterprise Discussion board, that the Kingdom’s 2030 imaginative and prescient provides alternatives for worldwide partnerships throughout varied sectors, together with mining, because the demand is more and more rising.
He said that Saudi Arabia performs decisive roles within the mining sector, as the combination between the 2 international locations is evident and South Africa remains to be a classy industrial base with considerable pure sources and a strategic associate for Saudi establishments in funding, whether or not in expertise or capability constructing and innovation.
He pointed to the significance of commerce trade between the 2 international locations, by the institution of a Saudi industrial attachment and the opening of an workplace for the Saudi Export and Import Financial institution in Johannesburg to supply assist to firms and facilitate the export course of and cut back the chance of funding throughout the border, calling on traders and entrepreneurs to analyze and seize alternatives.
