Saudi Arabia has signed an agreement with UK to jointly develop resilient and responsible critical minerals supply chains in support of global energy transition. These minerals are vital in production of electric vehicles, wind turbines and solar panels.
Saudi Minister of Industry and Mineral Resources Bandar Al Khorayef and the United Kingdom’s Secretary of State for Business and Trade, Kemi Badenoch, have signed a declaration of intent, solidifying their commitment to jointly develop resilient and responsible critical minerals supply chains in support of the global energy transition. Critical minerals are vital in producing various technologies, including electric vehicles, wind turbines, and solar panels.
Saudi Arabia and Switzerland are seeking to increase economic cooperation and joint investments in the mining sector. In this context, Swiss Ambassador to Riyadh Yasmine Chatila confirmed that more than 100 Swiss companies are operating in the Kingdom in various fields, including the industrial sector, which she said will contribute to the transfer of expertise and technologies.