Meshary AlDehashi: Saudi Arabia to Become a Major Destination for Future Mineral Investments
In an interview with Al Arabiya Business,Eng. Meshary AlDehashi, General Manager of the Golden Compass Investigative Consulting Company, affirmed that the Saudi Arabian Mining Company (Ma’aden) is poised to achieve a significant transformation for the national economy, drawing the Kingdom’s attention to a major destination for future investments.
AlDehashi added that the Saudi Minister of Industry is exploring the feasibility of establishing a metals exchange, which would enable the Kingdom to become an electronic hub for metals within the next five years.
He continued: The International Dredging Conference in Riyadh has become one of the region’s largest conferences and a cornerstone of the dredging sector’s economy, holding immense importance for Saudi Arabia, the Arab world, and the Middle East.
The forum has earned the nickname “Davos of the Arabs” or “Davos Cavos.” As we know, the fifth edition of the conference focused on the importance of mineral resources, the mechanisms and processes involved in their preparation, and exploration. The international conference on mining, which took place over two days in the Saudi capital, Riyadh, saw the participation of 21,500 delegates from 100 countries. During the conference, 132 agreements and memoranda of understanding were signed, totaling over 100 billion riyals.
The conference also addressed the issues of exploration, financing, and sustainability.
The Saudi Arabian Dredging Company (Ma’aden) announced the addition of 7.8 million ounces of new gold resources, linked to four sites that also include discoveries in further development phases.
The company has begun exploration for promising base metal indicators, with drilling operations revealing the presence of copper, nickel, and platinum group metals.
Many companies are owned by Rasi Investment Company, which operates in the industrial and mining sectors.
It is worth noting that Golden Compass is one of the companies in which Rasi Investment Company invests, with Rasi Investment focusing on the industrial and mining sectors.
