Saudi Arabia's first-ever international mining and minerals conference and exhibition is set to take place Oct. 27-29 at the Faisaliah Exhibition & Convention Centre in Riyadh, Saudi Arabia, and will feature local and international experts.
The mining and minerals sector in Saudi Arabia boasts $19 billion worth of opportunities in upstream and downstream projects.
Regional tracking and analysis platform Middle East Economic Digest (MEED) indicates upstream projects, which include extraction and mining, are worth $4 billion, while downstream projects, which are mainly based in mineral and processing and plants, are worth $15 billion.
“With the massive size and scale of opportunities involved, Saudi Arabia is keen on strategically developing an industry that will not only help diversify its economy, but also sustainably and strategically utilize its abundant mineral resources to become a leading regional hub and global commodities supplier,” Edmund O’ Sullivan, chairman of MEED Events, which is organizing the conference facet of the Saudi Minerals and Mining 2015 event, said.
More than 3,000 people are expected to attend the conference, with 50 exhibitors from 10 different countries there as well.
“We hope to witness a number of announcements that will be made by key stakeholders and government officials regarding mining and surveying operations within the Kingdom throughout the event," Philip McKean, managing director of Montgomery Star, the United Kingdom-based company in charge of organizing the exhibition portion of the conference, said.
Registration for the event and more information can be completed online at www.saudi-mining.com.