Saudi Arabia Mining: Saudi and France will together increase cooperation in mining sector, eyes on minerals worth 2.5 trillion dollars

Saudi Arabia and France are now joining hands in the field of mining. Saudi Deputy Minister of Industry and Mineral Resources Khalid Al-Mudaifar held an important meeting with French officials to further strengthen cooperation in this sector between the two countries.

The main objective of this discussion was to find new investment opportunities and help each other in the production of critical minerals. Al-Mudaifar said that Saudi Arabia is bringing major changes in its mining sector under Vision 2030. For this, the government is making new laws and survey work is being done on a large scale.

Saudi Arabia has a huge treasure of minerals, whose value is said to be around $2.5 trillion. It includes gold, copper, zinc, phosphate, aluminum and rare elements. These minerals are considered very important for new technologies and industries of the future.

The meeting was attended by the Strategic Minerals Delegate of France, the Scientific Director of the French Geological and Mining Research Bureau (BRGM) and senior officials of big companies like Eramet.

This entire cooperation is taking place under a strategic agreement signed between Saudi Arabia and France in December 2024. This agreement talks about working together in areas like advanced manufacturing, logistics and sustainability.

Earlier in April 2026, the Saudi Cabinet had approved an official memorandum of understanding for investment and technology exchange with France. Additionally, Saudi Minister Bandar al-Khuraif also held several meetings with French officials in April and May 2026, to speed up the processes of mineral exploration and investment.