Riyadh, October 27, 2022, SPA -- Eng. Khalid bin Saleh Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, emphasized the significance of technology in surveying, prospecting, manufacturing, producing green hydrogen and green minerals, and reducing the environmental impact of carbon to keep up with the development of several sectors in the Kingdom of Saudi Arabia, including oil and gas. This came during his participation in a dialogue session titled "Modern Mining" as part of the Sixth Future Investment Initiative (FII), where he reviewed the incentives of factories and stations to attract young generation to implement programs for them, noting that incentives worth $200 million have been spent in the previous years to stimulate digital transformation, renewable energy, and energy efficiency. He stated that the Kingdom has a vision for minerals, clean energy, and fossil fuels, along with investments in new technology, with the goal of making the Kingdom a global hub for green energy and minerals. He also discussed the incentives and regulations provided to mining experts and discoverers, as well as the potential for up to 90% cost savings if materials are used and processed locally. "The second edition of the International Mining Conference, which will be held in Riyadh in January of next year, will be a significant event during which we will discuss investments in the mining sectors," he emphasized, adding that the Kingdom welcomes all investments in all mining sectors as well as investment systems in technology and infrastructure. --SPA 20:02 LOCAL TIME 17:02 GMT 0047 www.spa.gov.sa/w1804833