Ma’aden launches Tharwah to boost mining sector contribution to Saudi GDP

Ma’aden launches Tharwah to boost mining sector contribution to Saudi GDP

Saudi Arabian Mining Company (Ma’aden), the largest multi-commodity mining and metals company in the Middle East, has launched its Local Content program, Tharwah.

The program inauguration was steered by Ma’aden CEO Mr. Robert Wilt, CEO of the local content Authority, Mr. Abdulrahman Al-Semari and witnessed by Minister of Industry and Mineral Resources Mr. Bandar Alkhorayef in the presence of ministers and delegates. Tharwah, which means wealth in Arabic, is focused on maximizing the contribution of the mining industry to the Saudi Arabian economy in line with Vision 2030.

By 2040, Ma’aden estimates spending $14.6 billion on goods and services to support operations, yielding an additional $8.7 billion in Local Content contribution. This will enable Ma’aden to contribute $23.4 billion to Saudi Arabia’s gross domestic product (GDP) and create up to 47,000 jobs for Saudi nationals within the same timeframe.

Robert Wilt

CEO – Ma’aden “Saudi Arabia has an extraordinary wealth of human and mineral resources. With Vision 2030, the Kingdom’s leadership is providing all the tools needed to maximize long-term prosperity. As the champion of the mining industry, building the third pillar of the Saudi economy, Ma’aden is honored to scale up its support for the Vision with the launch of the Tharwah program.