Ecem Karaböcek’s Post

Saudi Arabia accelerates diversification into lithium and gold sectors.

To boost Saudi Mining industry, we need to adopt new policies and laws to unlock economic growth and support #MBS Saudi Vision 2030 goals. By streamlining regulations, investing in exploration & technology, enhancing infrastructure, attracting investment, developing human capital, fostering R&D and innovation, ensuring sustainability, marketing Saudi minerals, strengthening institutions, and supporting value addition, Saudi can tap into its mining potential and drive sustainable development. Ministry of Industry and Mineral Resources Ministry of Energy Ministry of Investment Ministry of Commerce - Saudi Arabia Ministry of Economy and Planning - MEPsaudi arabnews.com/economy #SaudiMining #Vision2030 #EconomicGrowth #SustainableDevelopment

⏳With only 6 years to go until 2030, Saudi Arabia is on a relentless pursuit to achieve its ambitious goals. We're committed to meeting the key KPIs set forth in our visionary plan. The Ministry of Industry and Mining has unveiled staggering figures - our nation's endowment now stands at an incredible $2.5 trillion, marking a 90% increasefrom previous estimates. This positions mining as a cornerstone in our diversified economic strategy. Just last week, we at #Maaden announced a promising new gold discovery. This reinforces our belief in the untapped wealth our kingdom possesses. At #Maaden, we leave no stone unturned. Our dedication to exploring and utilizing the vast resources of our land is unwavering. We are resolute in our mission to not only meet but exceed our strategic targets. Together, we are writing a new chapter in Saudi Arabia's history, one of prosperity, innovation, and sustainable growth. Let's march towards 2030 with confidence and determination! 🇸🇦

Key your eyes on Saudi Arabia it seems intent to emerge as a green industrial power. Discover how Saudi Arabia's 'Vision 2030' is looking to boost demand and propel investment in the nickel supply chain. 🚀🔗 Learn more about this ambitious plan and its impact on the nickel here: https://okt.to/VLNIkK

Exploring Saudi Arabia’s industrial landscape in January 2024 – a delicate balance of growth and challenges. Resilient manufacturing, strategic oil production decisions, and sectoral nuances shape the intricate dance of the Industrial Production Index. 📈🛢️ #SaudiEconomy #IndustrialProduction #EconomicInsights #thearabianmirror. https://lnkd.in/g_RWm-wC

Discover how Saudi Arabia's 'Vision 2030' demands and propels investment in the nickel supply chain. 🚀🔗 Learn more about this ambitious plan and its impact on the nickel in this Fastmarkets article: https://okt.to/HN97nu #Fastmarkets #nickel #SupplyChainLogistics

CRU's Principal Consultant, Ionut Lazar, shared insight on Saudi Arabia's plan to integrate every link in the minerals-to-manufacturing value chain. He mentioned, 'Saudi Arabia is starting to integrate these with downstream processing hubs and manufacturing facilities. It’s a more ambitious agenda than we’ve ever seen before,' in his interview with AGBI - Arabian Gulf Business Insight. Read the full article here: https://lnkd.in/gW8BJ2WB #SaudiArabia #ElectricVehicle

Ma’aden Achieves Remarkable 160% Profit Surge, Reinforces Saudi Arabia’s Vision 2030. 🔹 Saudi Arabian Mining Co. (Ma’aden) has reported a staggering 160% increase in net profit for the first half of 2024, reaching SR2 billion ($532 million). This achievement underscores Ma’aden’s vital role in driving Saudi Arabia’s economic growth and diversification, particularly in the mining sector—a core pillar of Vision 2030. 🔹 Key Drivers of Success: Boost in Sales Volume: Increased sales of primary aluminum and gold significantly contributed to this profit surge. Operational Efficiencies: Strategic cost reductions in raw materials and depreciation. Financial Adjustments: A major insurance claim and the absence of one-off charges from the previous year. 🔹 Strategic Initiatives: Phosphate 3 Project: Progress continues with construction well underway. Aluminum Recycling Plant at Ras Al-Khair: A move towards enhancing sustainability. Investment in Vale Base Metals through Manara: Positioning Ma’aden to benefit from the growing demand for green metals. 🔹 Challenges: Commodity Price Decline: Despite gains in gold and alumina, other market prices fell. Increased Taxes and Zakat: A slight offset to the profit increase. 🔹 Financial Highlights: Net Revenues: SR14.53 billion for the first half of 2024, a slight decline from the previous year. Credit Rating: Moody’s Baa1 rating with a stable outlook reflects Ma’aden’s solid financial profile. Implications for Real Estate in KSA 🔹 Real Estate Growth: Ma’aden’s expansion, particularly the Phosphate 3 project and the aluminum recycling plant, is likely to spur demand for industrial and commercial real estate. This presents a significant opportunity for strategic investments in regions surrounding these developments. 🔹 Investment Advisory: As a business strategist and real estate advisor, the advancements in the mining sector provide fertile ground for advising clients on where to allocate resources for maximum ROI, especially in sectors aligned with Saudi Arabia’s Vision 2030. 🔹 Sustainability and Innovation: Ma’aden’s focus on green metals and sustainability aligns with global trends, offering pathways for businesses to partner in eco-friendly projects and technological innovation. Let’s connect and explore how these developments can translate into strategic opportunities for real estate and business growth in the Kingdom. #SaudiArabia #Vision2030 #Mining #RealEstate #BusinessStrategy #InvestmentOpportunities #Riyadh #KSA #Sustainability #arabianproperty #shan

In the coming month, Saudi Arabia is poised to inject up to one billion dollars into the Reko Diq Copper Gold project located in Balochistan's Chagai district. The Special Investment Facilitation Council is actively working to iron out any hindrances to this substantial investment, underscoring the commitment to fostering economic development and partnership. To facilitate the smooth execution of Saudi investments, the Prime Minister is set to establish a committee within the Finance Ministry, comprising all pertinent stakeholders from the country. This proactive approach aims to ensure effective coordination and cooperation among key players, streamlining the investment process for optimal outcomes. The envisioned Saudi investment marks a significant milestone in Pakistan's mining sector, with plans for further collaboration between Pakistan and Saudi Arabia in the realm of mining. Such partnerships are crucial for harnessing the immense potential of resources like the Reko Diq project, contributing to economic growth and prosperity for both nations. #saudiarabia #pakistan #project

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚’𝐬 𝐌𝐢𝐧𝐞𝐫𝐚𝐥 𝐑𝐮𝐬𝐡: 𝐁𝐢𝐝𝐝𝐢𝐧𝐠 𝐇𝐞𝐚𝐭𝐬 𝐔𝐩 𝐟𝐨𝐫 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐬. Saudi Arabia is on the cusp of a major economic transformation as it accelerates its push to unlock a staggering $2.5 trillion worth of mineral resources. The Ministry of Industry and Mineral Resources has initiated a competitive bidding process for seven exploration licenses, covering a vast area of nearly 1,000 square kilometers. Read more: https://lnkd.in/dcE-u_pi #SaudiArabia #EconomicTransformation #MineralResources #ExplorationLicenses #InvestmentOpportunities #ArabNews #ArabTimes #ArabTimesNews