Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Saleh Al-Mudaifer has delivered a speech during the Saudi-South African Investment Forum, held in Jeddah, and reviewed top investment opportunities in various sectors in the Kingdom of Saudi Arabia and South Africa. During his speech, the vice minister stressed that the Kingdom of Saudi Arabia and South Africa are willing to find solutions to develop the mining sector in the two countries through focusing on increasing the quality of life via development projects and producing minerals and metals necessary to face the climate change, with emphasizing the importance of establishing refining centers and processing green minerals and providing cheap and credible supplies for the renewable energy with the use of hydrogen, noting that the Kingdom of Saudi Arabia will utilize its capitals and strategic geographical location in realizing these targets, in addition to increasing awareness on challenges and opportunities that are represented by this new era of minerals through opening serious and qualitative channels with investors and stakeholders. He added that the Kingdom of Saudi Arabia seeks to establish a mining system at a global level in cooperation with South Africa that is considered a suitable destination for partnership to realize these targets, especially that the Kingdom of Saudi Arabia today has become a main consumer for steel, aluminum, copper and other minerals to realize targets of manufacturing and huge infrastructure projects whose total value exceeds USD1 trillion, pointing out that the Kingdom of Saudi Arabia has set practical goals to develop projects of the "green iron" and green mineral projects that integrate with hydrogen stations that the Kingdom of Saudi Arabia is constructing with companies like Saudi ACWA Power Company, which is among the leading international companies and most concerned about the environment. In 2021, the Kingdom of Saudi Arabia's exports to South Africa amounted to more than SAR12 billion in oil exports and SAR3 billion in non-oil exports. Saudi non-oil imports from South Africa amounted to SAR3.14 billion, where Saudi exports to South Africa were focused on several sectors, including: petrochemical, construction materials, packaging and textiles, while a number of promising export opportunities between the two countries are expected to be considered.
