RIYADH: The Saudi mining sector is witnessing a significant transformation and a high demand from investors since the launch of the new Mining Investment Law early this year, said Khaled Al-Mudaifer, vice minister for mining affairs, Ministry of Industry and Mineral Resources.
There will be international demand for the sector in the future, he said during an interview with Al Arabiya. The Kingdom is the fourth largest country in the world for importing minerals, he said.
The International Future Metals Conference in its first session next January, will constitute a platform for mining investments in the Middle East, Central Asia and Africa, he said.
Opportunities for mineral wealth in the Kingdom are estimated at $1.3 trillion, he said.
