Sydney, October 31, 2022, SPA – Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has held a meeting with officials of Australian companies in Sydney, under the umbrella of the Trademark Group of Companies, as part of his official visit to Australia, in the presence of the Deputy Minister of Industry and Mineral Resources for Mining, Eng. Khalid bin Saleh Al-Mudaifer Eng. Suleiman Al-Mazrou’, CEO of the National Industrial Development and Logistics Program, and Dr. Abdul Rahman Al-Qirtas, CEO of the National Industrial Development Center. During the meeting, Al-Khorayef emphasized the attractiveness of the investment environment in the Kingdom of Saudi Arabia, and reviewed the main elements of the Kingdom’s infrastructure and its potential, including natural resources, the distinguished geographical location, and qualified Human Resources, in addition to the technical infrastructure that leads the development of the industrial and mining sector. The Minister said the visit aims to exchange knowledge and experiences and to strengthen relations between the two countries for the benefit of the industrial and mining sectors by benefiting from Australian expertise. Al-Mudaifer explained during the meeting that the Kingdom has introduced new mining regulations that guarantee fair competition and high transparency that makes the Kingdom a global destination for mining, in addition to several incentives provided by the industry and mining system in the Kingdom. He stressed that the Kingdom owns many mineral resources that contribute significantly to the transformation of energy and support of modern technologies, to achieve the objectives of the Kingdom's Vision 2030, to make the mining sector the third pillar of the national industry. The meeting comes as part of the official visit of the Saudi delegation to Australia to introduce investment opportunities in the mining sector in the Kingdom, under the umbrella of "Invest in Saudi”. The Saudi delegation, during the visit, will also participate in the International Mining and Resources Conference (IMARC), which will be held in Sydney from 2-4 November 2022. --SPA 15:18 LOCAL TIME 12:18 GMT 0013 www.spa.gov.sa/w1807125