Tuesday 14 / January / 2025
Riyadh: Represented by the Ministry of Energy and Minerals, the Sultanate of Oman today participated in the “Future of Mining Conference” in Riyadh.
The conference constitutes an international platform that brings together governments, international companies, research institutions and experts in the mining sector. It offers an opportunity to review the latest technological developments and investment potentials.
The Sultanate of Oman’s delegation was headed by Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals.
Al Hadhrami said that Oman’s participation in the conference aimed to build relations with countries around the world, with the objective of developing the minerals sector as a fundamental pillar for achieving economic diversification and enhancing sustainable development.
“Through its participation in the conference, the Sultanate of Oman seeks to attract global investments, adopt the latest innovative technologies, empower national cadres and encourage relevant converting industries to maximise in-country added value (ICV),” said Al Hadhrami.
It is worth noting that the Ministry of Energy and Minerals has allocated many concession areas for investment through competition. The mining agreements were signed with local and international companies to explore 21 concession areas for the purpose of prospecting raw materials. The total expected investments from these areas are estimated to be about RO 37 million.
