Saudi Arabia is poised to engage in discussions and finalize a major deal with the United States (U.S.) focused on mining and mineral resources. This announcement comes from the Saudi Cabinet, as reported by the country’s state news agency (SPA).
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, recently chaired a Cabinet session in Jeddah, where this critical partnership was highlighted.
Strategic cooperation with the U.S.
Saudi Minister of Media Salman Al-Dossary shared insights regarding the Cabinet’s discussions, which included the authorization for the minister of industry and mineral resources to negotiate and sign a draft memorandum of cooperation with the U.S. Department of Energy. This deal is expected to strengthen bilateral relations and foster advancements in the mining sector, thereby unlocking new potentials in mineral resources.
The Cabinet also recognized ongoing improvements in digital services across various sectors, which have contributed to Saudi Arabia ranking first among Middle Eastern and North African countries in the 2024 Government Electronic and Mobile Services Maturity Index. The Kingdom’s remarkable leap in the Open Data Inventory report further demonstrates its commitment to enhancing statistical indicators and ensuring transparency.
Additionally, this upcoming partnership in mining and mineral resources signifies a pivotal step for Saudi Arabia as it seeks to enhance its economic framework and create sustainable growth opportunities through international cooperation. The deal with the U.S. is further expected to set a new benchmark in the mining industry, ultimately contributing to the Kingdom’s Vision 2030 objectives.
Moreover, the Cabinet confirmed that Saudi Arabia’s record performance in non-oil exports in 2024 reflects the Kingdom’s accelerated efforts to diversify its income and seize global opportunities. This aligns with the ambitious Vision 2030 goals aimed at enhancing the country’s economic landscape.
