Riyadh-- The Federation of Saudi Chambers, represented by the Saudi-French Business Council, participated in a meeting organized by the Movement of the Enterprises of France (MEDEF), on investment opportunities in the mining sector in the Kingdom, attended by representatives from the Ministry of Industry and Mineral Resources, the Ministry of Investment and several Saudi and French companies operating in the mining field.
Chairman of the Saudi-French Business Council, Dr. Mohammed bin Laden, highlighted in his speech the economic importance of the Kingdom’s mining sector as one of the most important pillars of the Saudi industry, and the objectives of the Kingdom’s Vision 2030 to maximize its impact on the gross domestic product and its contribution in the local content and trade balance, achieving its sustainability and improving legislative and investment environment.
The meeting also discussed the investment opportunities available to French companies in the Kingdom’s mining sector, and the efforts made during the past years to strengthen the sector, introduce its components and capabilities, attract foreign investors, and improve its business environment, through the relevant competent authorities, led by the Ministry of Industry and Mineral Resources and the Ministry of Investment.
The French side expressed the interest of French investors to invest in the Saudi mining sector, reiterating that this participation would achieve an added value for the sector through the transfer and localization of the leading French expertise.
Source: Saudi Press Agency