Luxembourg-based Eurasian Resources Group is ready to invest in Saudi Arabia, its chairman Alexander Mashkevitch said, as he sees huge potential in the Kingdom to make long-term commitments.
The chairman of the leading producer of battery materials, added in an interview that if he was asked to invest in Saudi, his decision will "just depends on procedures.”
He said they are working with the government to proceed with the investment. Also known as ERG, the Luxembourg company is one of the world’s biggest mining companies with over 69,000 employees globally.
The Kingdom has a big chance of becoming a real mining hub, Mashkevitch said, hailing its “unique composition’ and its stability compared to other potential mining sites.
“Saudi Arabia has very well educated people, good infrastructure, and very strategic locations,” he said, adding these are key to be successful in the future minerals business.
