Al-Mudaifer: Saudi Arabia is moving towards advancing the transition to clean energy – Saudi Gazette

Al-Mudaifer: Saudi Arabia is moving towards advancing the transition to clean energy – Saudi Gazette

RIYADH — Deputy Minister of Industry and Mineral Resources for Mining Affairs, Eng. Khalid Al-Mudaifer said that Saudi Arabia is moving towards pushing the transition to clean energy, as it is estimated that the annual demand for important and necessary minerals for clean energy technologies will reach $400 billion by 2050, due to the high demand for clean energy.

He added, during a panel discussion within the Future Investment Initiative (FII) Forum activities, that the Kingdom has embarked on an ambitious program to significantly develop the mining sector and transform the sector to be the third pillar of the industry, emphasizing the Kingdom's interest in environmental sustainability and supporting the global trend to increase the use of clean energy.

Eng. Al-Mudaifer highlighted that mining companies will need new areas with the consumption of some minerals-rich areas, and access to new areas may be more difficult, which will increase the need for advanced technologies to facilitate effective targeting and extraction, hence lies the importance of developing and adopting modern technologies in exploration, prospecting and mining methods.

He stressed that the Kingdom has been active during the past four years to develop and transform the mining sector through several initiatives and legislation that made the