Saudi Industry Ministry Participates in London Indaba Conference

London: Saudi Arabia's Deputy Minister for Mineral Resources Management, Abdulrahman AlBelushi participated in the London Indaba Conference, where he conveyed Saudi Arabia's dedication to collaborating with African nations. In his address at the conference under the topic titled 'Investing in Resources and Mining in Africa,' Al-Belushi noted that Saudi Arabia is keen on collaborating with African nations on critical minerals as a strategic move in creating mutual benefits in resource development, infrastructure, and economic diversification. He highlighted that over the past 4 decades, the Saudi Fund for Development had contributed over $10 billion in aid towards infrastructure development in the continent, while the Islamic Development Bank has financed projects worth more than $220 billion, with trade between the Kingdom of Saudi Arabia and Africa seeing significant growth from $17 billion in 2012 to $44 billion in 2023. In his closing remarks, AlBelushi stated, 'We are all about making sustainable impac ts and creating mutual benefits, including increased trade, job creation, technological transfer, and strengthened economic ties that contribute to the prosperity of both Saudi Arabia and the African nations involved,' Source: Saudi Press Agency