Saudi Arabia is discussing with Mongolia and India to enhance joint economic and investment cooperation

Saudi Arabia is discussing with Mongolia and India to enhance joint economic and investment cooperation

Bandar bin Ibrahim Al-Khar, the Saudi Minister of Industry and Mineral Resources, met with Gambalin Gannabar, the Mongolian Minister of Mining and Heavy Industry, and Qaqid Baradouf, the Deputy Minister of Indian Mines, to discuss methods to improve bilateral economic and investment cooperation.

The International Mining and Resources Conference (IMARC), which was held in Sydney, Australia, the Saudi Ministry of Industry stated in a statement that the fall met with the Minister of Mining and the Mongolian Heavy Industry and the Deputy Minister of Indian Mines. During the two meetings, common issues between the two countries were discussed, and investment opportunities were explored.

The Saudi Minister of Industry and Mineral Resources reviewed the five mining opportunities that were announced in conjunction with the Kingdom’s attendance at the International Mining and Resources Conference, as well as the most notable investment opportunities that the Kingdom offers in the mining sector (IMARC).

In order to maximise the benefits from the Kingdom’s capabilities and mineral riches, which is estimated to be worth 1. 3 trillion riyals, he emphasised the significance of intensifying combined efforts with the two countries.

Saudi Arabia is in talks to strengthen bilateral commercial and investment ties with Mongolia and India.

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