U.S. Business Development Mission to the Future Minerals Forum
January 10, 2023 @ 9:00 am - January 12, 2023 @ 6:00 pm EST
The U.S.-Saudi Business Council is leading a U.S. business development mission to the 2nd Future Minerals Forum (FMF) organized by the MIMR in Riyadh. Scroll down for new Mission deliverables.
The FMF aims to:
- Highlight the role of mining in energy transition and define the pillars of future responsible minerals development including low carbon metals, hydrogen, energy, the latest advances in mining technology and equipment
- Offer a unique opportunity to learn about the Saudi and regional minerals development strategies and efforts to develop the minerals and metals value chains (from exploration to mining, processing, refining, manufacturing, recycling and circular economy)
- Introduce a platform to discuss the future of the mining industry and business opportunities in Saudi Arabia, Africa, West and Central Asia
- Explore new partnerships to maximize the benefits of mining for the sustainable development of integrated value chains and technologies
The FMF targets companies in the mining sector (exploration, investors, equipment, services and cutting-edge technology suppliers, universities and training institutions) as well as downstream manufacturers that use metals to produce automotive, communication, transportation and industrial equipment, etc.
The event will be attended by over 150 major mining corporations, 50 ministers and heads of state, 100 international investors, and 200 global industry speakers. To view the agenda and exhibitors, click here.
SAUDI ARABIAN MINING VALUE PROPOSITION
Saudi Arabia has an estimated $1.3 trillion of mineral wealth across 52 commodities (including base metals, copper, zinc, bauxite, gold, silver, iron, lead, and phosphate). The Kingdom aims to become the mining hub of the Middle East and Africa region and is developing its mining sector into the 3rd pillar of the economic diversification. Over 1990 licenses have been awarded including exploration, reconnaissance, exploitation, and building materials quarry. The Ministry of Industry and Minerals Resources (MIMR) has recently announced exploration licensing rounds for 5 sites and introduced a new mining investment law as well as incentives that include co-funding of up to 75% of any new investment, a five-year royalty holiday for miners and royalty discounts for downstream projects. The Kingdom is planning to auction five new mining exploration licenses for copper, zinc, lead and iron deposits in 2023. A Saudi mining overview is available here: https://mim.gov.sa/mim/assets/img/overViewv2.pdf.
WHO SHOULD JOIN THE MISSION?
FMF aims to attract suppliers of:
- Analytical Products
- Downstream and Processing
- Enviromental/Social/Governance (ESG)
- Finance and Investment
- Green Metals
- Supply Chains
- Sustainability Services and Products
- Data Systems
- Industry Tools and Machinery
- Advanced Enginering Services
- Consulting Services
- Smart Manufacturing
- Safety Solutions
- Transport and Logistics
- Fuel Cells
- Mining and Exploration
- Water Usage
- Security Services
The Council has had a long-term collaboration with the MIMR and key Saudi stakeholders in the industrial and the mining sectors. Our mission agenda will include customized one-on-one meetings on the exhibition floor with potential Saudi business partners, end users, and government officials, as well as networking events.
Why Join the Delegation?’
- NEW Raise profile of your company/products and services in the USSBC booth on the exhibit floor
- Direct access to an ever-growing market
- Interact with decision-makers
- Seek contacts for future business
- Meet existing clients or partners
Council staff will continue to assist mission participants with business follow-up for six months post mission without charge.
Submit a complete application by December 15, 2022. Applications will be evaluated based on the prospects for their product or service in Saudi Arabia.
MISSION FEES & DELIVERABLES
- $1,500 per company representative (Council members)
- $2,000 per company representative (Council non members)
- $500 for each additional company representative
The mission fees cover:
- NEW Reserved space within the USSBC 10×10 exhibition booth.
- NEW Promotion of your product/service to targeted audiences in Saudi Arabia prior to the exhibition to enhance quality of visitor traffic during the show.
- Business visa facilitation service.
- One-on-one meetings. The Council has had a long-term collaboration with the MIMR and key Saudi stakeholders in the industrial and the mining sectors. We will arrange meetings with potential Saudi business partners, end users, and government officials.
- Private delegation briefing in Riyadh on Saudi mining market and regulatory/legal aspects of doing business in the Kingdom.
- Group ground transportation to and from the FMF23.
- Onsite support during the FMF23.
Expenses for air travel, lodging, incidentals, and meals are separate and will be the responsibility of each mission participant.
MISSION POINT OF CONTACT
Wiam Alwazir, Director of Programs