Saudi Arabia and Indonesia sign memorandum of understanding to enhance cooperation in mining and minerals sector

Minister of Industry and Mineral Resources Bandar Al-Kharif signed a memorandum of understanding with the Minister of Energy and Mineral Resources of Indonesia, Arifin Tasrif, in Jakarta today. The agreement aims to enhance strategic cooperation and exchange experiences between the two countries in the mining and mineral sectors.

The memorandum of understanding seeks to strengthen cooperation in the mining sector, including knowledge exchange in mining, mineral processing, mining exploration, geological surveying, sustainable mining practices, modern mining techniques, mineral resource assessment, and the development of cooperation in mining industries and mineral resources.

The signing of the memorandum took place during the official visit of Minister Al-Kharif to Indonesia, where he led a high-level delegation from the industry and mining sector. The visit aimed to strengthen bilateral economic ties, attract quality investments to the Kingdom, and explore mutual investment opportunities in the mining sector, as well as other key industries such as food, pharmaceuticals, and automotive.