Future Minerals Forum
 | |
| Formation | 31 August 2021[1] |
|---|---|
| Founder | Ministry of industry and mineral resources |
| Type | Forum |
| Purpose | To provide a platform the world’s minerals industry |
| Headquarters | Riyadh, Saudi Arabia |
Region served | Worldwide |
| Website | Official Website |
The Future Minerals Forum is an international annual forum focused on the minerals and mining industry based in Riyadh, Saudi Arabia. It was founded on 21 October 2021 by the Saudi ministry of industry and mineral resources.[2]
History
[edit]The first summit was held from 11 to 13 January 2022 in the King Abdulaziz Conference Center in Riyadh, Saudi Arabia.[3]
The 3rd summit took place from 9 to 11 January 2024. During its first day, the forum witnessed the signing of deals worth $7.2 billion.[4] In the summit, Saudi Arabia's 2016 estimates of the $1.3 trillion of untapped minerals reserves in Saudi Arabia has seen a jump by around 90% to $2.5 trillion.[5] In addition, Bandar Al-Khorayef, the Saudi minister of industry in mineral resources announced a $182 million in exploration incentives and the issuing of 33 mining licenses.[6]
References
[edit]- ^ "Saudi Arabia's Future Minerals Summit to Showcase Mining Investment Potential in ME, Central Asia, North and East Africa". Saudi Press Agency. 2021-08-31. Retrieved 2024-02-01.
- ^ "Future Minerals Summit to be held next year in Riyadh". Arab News. Retrieved 2024-02-01.
- ^ "Future Minerals Forum 2022". Oxford Business Group. 2021-11-28. Retrieved 2024-02-01.
- ^ "Saudi Future Minerals Forum: Deals worth $7.2bln signed on day one". Zawya. 2024-01-11. Retrieved 2024-02-01.
- ^ Turak, Natasha (2024-01-11). "Saudi Arabia nearly doubles estimate for the value of its mineral resources". CNBC. Retrieved 2024-02-01.
- ^ Varriale, Laura (2024-01-11). "Saudi Arabia fast tracks efforts to become leader of minerals 'super region'". S&P Global. Retrieved 2024-02-01.