MINTEK RIG

RIG signs a memorandum of understanding with the South African company MINTEK Laboratories to establish global metallurgical analysis laboratories in Saudi Arabia with an estimated value of 25 million riyals

To complete the meetings of the #Saudi_South_African_Investment_Forum in Pretoria, the President of the Republic of South Africa, His Excellency Mr. Cyril Ramaphosa, and a number of South African ministers and businessmen attended in Jeddah, Kingdom of Saudi Arabia to participate in the Saudi South African Investment Forum.

The meeting was opened by His Excellency the Minister of Investment, Mr. Khalid Al-Falih, and he welcomed the President of the Republic of South Africa, Mr. Cyril Ramaphosa, in the presence of their Excellencies and business leaders from both countries.

The #Saudi_South_African_Investment_Forum in Jeddah reviews the most prominent investment opportunities in various sectors, highlights the most important initiatives to support investors, in addition to discussing the various ways of partnership between the two countries.

In addition, a memorandum of understanding was also signed between Rasi Investment Group represented by Eng. Meshary Al-Ali (Chairman of the Board) and the South African MINTEK Laboratories Company represented by Dr. Molefi Motuku (CEO) to establish global metallurgical analysis laboratories in Saudi Arabia with an estimated value of 25 million riyals.

The agreement aims to:

  • Strengthening investment relations between the two countries.
  • Transferring expertise and knowledge to the Saudi market.
  • Empowering the mining sector.
  • Saudi training.
  • Create an attractive environment for mining investment.
  • Accelerate business related to the sector.
6988193340919820288_C4D22AQERgZ9BsBTTvA

The Golden Compass Company signs an agreement with the Saudi Geological Survey (SGS)

The Golden Compss and MSA Group announced by the Saudi Geological Survey (SGS) as the Technical partner- Exploration Management Consultant.

The announcement was made at the Saudi-South Africa Investment Forum in Jeddah, attended by South African President Cyril Ramaphosa. The CEO of the Saudi Geological Survey Eng. Abdullah Mofter Al-Shamrani exchanged agreements with and congratulated Dr Ian Haddon, Managing Director of The MSA Group and The lead consortium Eng. Meshary ALALI AlDeheshi, CEO of Golden Compass.

The ceremony was held in the presence of the Ministerial delegation including Saudi Minister of Investment Eng. Khalid al-Falih, Minister of Tourism Ahmad al-Khateeb, Minister of Industry and Mineral Resources Bandar al-Khorayef, and Deputy Minister of Industry and Mineral Resources, HE Khalid Al Mudaifer. The South African delegation included Minister of Trade, Industry and Competition Ebrahim Patel, Minister of Mineral Resources and Energy Gwede Mantashe and Minister of Agriculture, Land Reform and Rural Development Thoko Didiza.

The contract is part of The Accelerated Exploration initiative of the National Industrial Development and Logistics Program (NIDLP) which aims to strengthen investment in the mining sector, speed up the exploration process, attract international investment and build exploration capabilities within the SGS. The MSA-GC consortium will deploy over 30 geologists to the Kingdom of Saudi Arabia, for the three-year programme duration.

As Golden compass working to improve the mining sector in Saudi Arabia and working hard to create sustainable growth on saudi mining companies by createing value chain to this resources. And build strong growth for saudi economy.

Saudi-South African Investment Forum

The Chairman of RIG on an official visit to Pretoria

Within the framework of strengthening and developing Saudi investment relations with various countries, the chairman of the Rasi Investment Group, Eng. Meshary Al-Ali, participated in the Saudi-South African Investment Forum in the Republic of South Africa in Pretoria, in the presence of His Excellency the Minister of Industry and Mineral Resources.

The meeting was inaugurated by His Excellency Mr. Bandar Al-Khorayef, Minister of Industry and Mineral Resources, and His Excellency Mr. Ibrahim Patel, Minister of Trade, Industry and Competition of the Republic of South Africa, the South African-Saudi Commercial Investment Roundtable held in Pretoria.

The team of the Saudi Ministry of Investment reviewed the most prominent elements of the investment environment and competitive advantages, in addition to the services provided to investors in the Kingdom.

Also, the Saudi Ministry of Investment organized bilateral investment meetings for Saudi and South African business leaders to explore opportunities for new investment partnerships for investors from both countries.