SAR27b riyals worth of agreements signed on the first day of FMF

During the FMF Signing Ceremony. Image credit: PR Newswire

The start of the third edition of the Future Minerals Forum (FMF) saw the signing of 20 agreements and memorandums of understanding worth SAR27 billion riyals between government agencies, companies, and other participating organisations.

It includes agreements related to mining exploration, technology, communications, as well as sustainability standards, localisation, qualification, and industrialisation in the minerals sector. It also revealed details of 33 sites available for exploration this year and the first mining belt in the region, Jabal Sayid, covering 4,000 square kilometres.

The signing ceremony was attended by several government officials, including the Minister of Industry and Mineral Resources, Bandar AlKhorayef, the Minister of Investment, Khalid Al-Falih, the Minister of Transport and Logistics Services, Khalid Al-Mudaifer, and Eng. Sulaiman Al-Mazrou, CEO of the National Industrial Development and Logistics Services Program.

Saudi Arabia’s Ministry of Industry and Mineral Resources, Ministry of Investment, Royal Commission for Jubail and Yanbu, Saudi Geological Survey, Saudi EXIM Bank, and Saudi Mining Polytechnic signed agreements and memorandums of understanding. Other signings included Saudi Mining Services Company, Moxico Ajlan & Bros Mining, Saudi Aramco, Al-Haytham Mining Company, Manara Minerals, Vale, the Geological Survey of Finland, Maaden, Japan Organization for Metals and Energy Security, SABIC, the Export-Import Bank of the United States, Energy & Water Academy, and Al Fada Anode Production Company.


The third edition of the Minerals Forum (FMF) began on 10 January at the King Abdulaziz International Conference Center (KAICC) with over 16,000 participants from 145 countries and 250 speakers, aiming to address pressing issues in the minerals sector.