Saudi Arabia and Indonesia have boosted their cooperation in the mining sector by signing a new agreement and exploring opportunities for mutual investment and knowledge transfer, reported the Saudi Press Agency (SPA).
During an official visit to Indonesia, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef, on Thursday signed a memorandum of understanding (MoU) in Jakarta with the Indonesian Minister of Energy and Mineral Resources, Bahlil Lahadalia. The agreement aims to strengthen strategic cooperation in the mining and minerals sector and facilitate expertise exchange between both countries.
Moreover, the MoU focuses on enhancing knowledge transfer in the fields of mining, mineral production and processing, mining exploration, geological surveys, and sustainable mining practices.
Al-Khorayef is leading a high-level Saudi delegation from the industry and mining sector to bolster economic ties with Indonesia, attract investments to Saudi Arabia, and explore avenues for mutual investment across vital sectors, such as mining, food, pharmaceuticals, and automotive.
During his visit, the Saudi Minister held a series of high-level meetings with Indonesian government officials and CEOs of major companies, where they discussed deepening strategic partnerships in the mining and minerals sector, expertise exchange, and the latest technologies used in mineral processing and mining exploration.
