Saudi Arabia’s Public Investment Fund (PIF) is prioritizing the mining sector among its thirteen key local sectors for targeted investments. Mohammed Al-Dawood, head of industrials and mining sector for Middle East and North Africa investments at PIF, shared that the fund aims to support economic diversification by exploring investment opportunities. Al-Dawood stressed the importance of the mining sector in Saudi Arabia, highlighting its substantial impact on various business systems and the country's supply chain.
Manara Minerals Investment Company, a joint venture between Saudi Arabian Mining Company (Ma’aden) and the Public Investment Fund (PIF), has signed a binding