Under the Patronage of The Custodian of The Two Holy Mosques King Salman Bin Abdulaziz Al Saud, His Excellency the Saudi Minister of Finance Mr. Mohammed Aljadaan participated in the Future Minerals Forum 2025, scheduled for January 14-16, 2025 in Riyadh, at a session entitled, "To build or to buy: are capital allocation and financial discipline adequate to meet demand for minerals?"
Minister Aljadaan noted that the Kingdom of Saudi Arabia aims to align multiple sectors together, including energy, mining, logistics and others, under a national industry development and logistics program. He noted that without adequate data countries can't develop any sector effectively, and mining is no exception. This includes budgeting for supporting surveys throughout the mining sectors, as well as supporting companies which are doing exploration.
Minister Aljadaan also said that catalyzing the power of partnership with the private sector is very important in the industrial sector because it is very complex, requiring significant investment which the government can't do alone. “I don't think there is a one-size-fits-all approach in the mining sector, so you need to look at individual components and think about how to make it possible to attract private money, and for that to happen you need to reverse engineer in terms of what is an adjusted return for that investment".
Minister Aljadaan also stressed that a lot of developing nations, particularly in the global south, have significant mineral and metal assets. With the right setup they can utilize those assets for growth, but they also need to package these activities to support economic development. For nations that are willing then there is a way, by building partnerships with multilateral institutions that can help with governance, capital, and catalyzing the private sector, he said. There is also a need for government itself to provide the regulatory framework that gives investors greater confidence.