Saudi Minister Meets Chinese Firms on Mining Deals

Beijing, September 25, 2025 – Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, held a strategic meeting in Beijing with more than 20 Chinese mining companies to explore investment opportunities in the Kingdom’s rapidly growing mining sector.

Alkhorayef highlighted the strong economic partnership between Saudi Arabia and China, emphasizing joint investments in exploration, extraction, processing, and value addition. The minister noted that the Kingdom’s Vision 2030 prioritizes mining as a key driver of economic diversification.

During the session, Alkhorayef acknowledged Chinese companies’ contributions to exploration and geological surveys in the Arabian Shield, which covers roughly one-third of Saudi Arabia. These efforts have increased the estimated mineral wealth in the region from $1.3 trillion to $2.5 trillion.

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Saudi Arabia offers investors a strategic location connecting three continents, modern infrastructure, competitive energy costs, streamlined regulatory processes, and robust incentives. Presentations at the meeting also highlighted innovation, smart solutions, environmental responsibility, and long-term economic sustainability in mining operations.

The minister invited all participants to the fifth Future Minerals Forum, scheduled for January 13-15, 2026, in Riyadh, aimed at promoting global investment in Saudi Arabia’s mining sector.

Alkhorayef’s Beijing visit forms part of Saudi Arabia’s broader strategy to enhance industrial and mining cooperation with China, attract high-quality investments, and support the Kingdom’s economic diversification objectives under Vision 2030.

 The meeting reinforced Saudi Arabia’s position as a top destination for global mining investments and strengthened the strategic partnership between Riyadh and Beijing in the industrial and mining sectors.