Calvara Campos’ Post

Get ready for an economic boom! Saudi administration anticipates a staggering $20 billion in agreements at the annual minerals conference in Riyadh this week. Get the inside scoop from our latest blog. 💰🌐 #SaudiEconomy #MineralsConference #EconomicDevelopment

🌟 Saudi's search for mineral resources other than black gold deepens🌟 Saudi Arabia is undergoing a transformation, shifting its focus from black gold to the rich mineral resources hidden beneath its sands. The kingdom's ambitious plans are not just about extracting minerals but about building a sustainable future powered by diverse resources. 🛢️ While oil has long been the cornerstone of Saudi Arabia's economy, the country is now venturing into the realm of minerals, example phosphate extraction for fertilizers about 1200 km north of Riyadh. With estimates of buried mineral wealth soaring to $2.5 trillion, Saudi Arabia can become a key player in the global mineral market. 💼 To attract investment and facilitate growth in the mineral sector, Saudi Arabia is rolling out investor-friendly policies. From establishing a dedicated Ministry of Mineral Resources to offering financial incentives and training programs, the kingdom is laying the groundwork for a thriving mineral industry. 🔧 Waiving import duties on machinery, reducing license fees, and revising labor codes are just some of the measures taken to encourage investment. But a dilemma will strike the investors that this relationship with Saudi Arabia will not going to be at all similar to the one they have with African nations. There has to be trickle down benefits to the Saudi economy not just drain of the Kingdom's resources. 📈 These developments will not only impact the commodity markets but will also position Saudi Arabia strategically in the global energy transition landscape. 🌐 As Saudi Arabia embarks on this mineral revolution, it opens up new opportunities for investors, businesses, and the global economy. #SaudiArabia #MineralRevolution #EconomicDiversification #Sustainability #InvestmentOpportunity https://lnkd.in/g_vgW-wz

Saudi Arabia accelerates diversification into lithium and gold sectors.

Having just spent a week in Saudi Arabia and the UAE meeting with key fastmarkets customers and how the critical minerals and metals landscape is evolving in the GCC - here’s a comprehensive review of what to expect from short to medium term investment and supply / demands trends. Read more here: https://okt.to/TquBdz

Great interviews and sessions from the Future Minerals Forum here in Riyadh. Saudi Arabia is advancing to the front of the group of potential big Green Metal Producers. #FutureMineralsForum #Green Metals

They are running around taking 1cent dollar bribes than focusing creating local values stupidly believing in International Monetary Fund and The World Bank . To these Nigerians abroad calling themselves smart you need to step in and change your country not these corrupt crocodiles .In Francophone Africa we have started and nothing will stop us. Nigeria struggles to provide energy to its citizens, yet it's ready to engage in pipelines to supply gas to Morocco and Europe. It's time to choose human beings, not monkeys, to lead your countries. In a world that wants African minerals but not Africans, Saudi Arabia is betting on the continent's resources to become a minerals and industrial powerhouse. With over $2.5 trillion in potential riches under its soil, Saudi Arabia plans to invest abroad, refining, processing, and manufacturing based on raw minerals mined elsewhere. Khalid al-Mudaifer, the vice minister for mining, acknowledges that infrastructure is a key challenge to unlocking the full potential of African mineral resources. The kingdom pledges to help build up African countries' capacity to refine minerals into more lucrative products, thereby capturing more of the economic value of their resources. Saudi Arabia's focus is on addressing the shortage of infrastructure in African countries rich in critical minerals.

Phosphate is not the only mineral resource Saudi Arabia is eyeing to fuel its post-oil future. On January 10th the government revised its estimate of the value of its buried mineral wealth from $1.3trn to $2.5trn. This includes deposits of gold, copper and zinc.

Bandar I. Alkhorayef, Saudi Ministry of Industry and mineral resources, recently highlighted the significance of the "National Minerals Program" in boosting supply chain quality and efficiency. Approved by the Council of Ministers, the program aims to ensure a continuous supply for local industries and major projects. Al-Khorayef emphasized that the initiative will drive sector growth and optimize the Kingdom's mineral wealth. This strategic move aligns with Saudi Arabia's goal of making mining the third pillar of the national industry, showcasing the leadership's commitment to sector development. #SaudiArabia #MineralResources #IndustryDevelopment

https://lnkd.in/dz-zyVwH <<The African Minerals Strategy Group (AMSG) was formed at the Future Minerals Conference held in Saudi Arabia in January 2024. The fundamental purpose of this group is to unite Africans and maximise benefits from the continent’s mineral resources. Reports indicate that 15 countries have pledged their support towards this cause and there are expectations that more countries will join the AMSG. The appointment of Nigeria’s Minister of Solid Minerals Development, Dr Oladele Alake’s as the chairperson of the group, has inspired confidence that Africa’s placement within the global value chain will be emphasised and prioritised.>> #minerals #sustainabity #GVC #AMSG #report #2024 #ESG #development

Africa: Report - US Must Enhance Critical Minerals Strategy in Africa