The FMF sees 25 MoU, joint ventures and agreements exchanged on its opening day

The FMF sees 25 MoU, joint ventures and agreements exchanged on its opening day

RIYADH, Saudi Arabia/PRNewswire/ -- The first day of the second ever FMF, hosted by the Ministry of Industry and Mineral Resources, under the auspices of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, witnessed the exchange ceremony of 25 co-operation agreements, JV's and Memoranda of Understanding between a number of government agencies, companies and institutions participating in the conference.

The signing ceremony was attended by the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman; the Minister of Investment, His Excellency Engineer Khaled Al-Falih; the Minister of Industry and Mineral Resources; His Excellency Bandar Al-Khorayef, and the Deputy Minister of Industry and Mineral Resources for Mining Affairs, His Excellency Engineer Khaled Al-Mudaifer.

These agreements and Memoranda of Understanding covered mineral exploration, technology and communications, the application of sustainability standards, localization and rehabilitation, and industrialization in the minerals sector. The signing ceremony also witnessed the handing over of the two exploration licenses for the Khnaiguiyahand Umm Ad Damar sites to the companies that won their licenses.

Among the most prominent local entities participating in the signing ceremony were the Ministry of Energy; the Ministry of Industry and Mineral Resources; the Saudi Geological Survey; Ma'aden; the Saline Water Conversion Corporation; King