Businessman Sulaiman bin Saleh Al-Othaim, Chairman of the Board of Directors of the Gold Refinery Company, said that the initiative launched by His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, under the name “Nathri”, came to unleash Saudi creative energies in the mining sector with ideas that enrich this sector, which is one It is one of the most promising sectors and one of the most important tributaries of support for the national economy, according to the Kingdom’s Vision 2030, which adopted a policy of diversifying sources of income to support the economy.
He added: This valuable initiative is part of the efforts made by His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, and His Excellency the Deputy Minister of Industry and Mineral Resources, Engineer Khaled Al-Mudaifer, to advance the mining sector, which was clearly demonstrated in the Mining Forum that was recently held in Riyadh and achieved great success, in which a group participated. Suleiman Al-Othaim.
He continued: This initiative came at its time to empower emerging explorers in the mining exploration sector, including individuals and local companies, with the aim of creating a sustainable local exploration environment to develop the Kingdom’s wealth sites to become a gateway to promising industries, in cooperation with the Geological Survey and the General Authority for Small and Medium Enterprises “Monshaat.”
He added: The initiative was given the name “Nathri” because of its great importance to this sector and the importance of optimal investment of the Kingdom’s mineral resources in more than 5,300 sites, with an estimated value of about 5 trillion riyals, a wealth that can form a strong tributary to support our national economy.
He said: This incubator aims to develop the skills of emerging explorers, employ their capabilities, and support them with the capabilities that ensure sustainability in the mining exploration sector by enhancing investment in the field of exploration, transferring and exchanging knowledge and experience between leading companies in the mining sector, and building sustainable strategic partnerships.
He continued: Hence the emphasis on the importance of enabling entrepreneurship in mining exploration locally from a regulatory perspective, and financing and supporting it with the appropriate infrastructure to enhance its business and drive economic growth in the sector, pointing out that the initiative is in line with the goals of the Kingdom’s Vision 2030 and the National Industrial Development and Logistics Services Program to make… The mining sector is the third pillar of national industries, and supports the incubation of a number of national start-up companies and emerging explorers to be an element in building the future of their country, and enhances local investment in the field of mining exploration.
He added: This initiative was promising, as it targets students, academic researchers, small and medium-sized companies applying for a prospecting license, emerging companies in the field of exploration, and investors interested in the mining sector, and providing a range of services to support emerging companies, including geological data analysis. And help them get Detection licenses, providing intensive courses and training workshops in the fields of earth sciences, holding events and dialogue sessions with experts and specialists in the field of mining exploration, laboratory services, sample analyses, and geophysical survey elevations to detect metals in particular, as well as preserving diamond drilling samples, in addition to guidance and direction throughout the period. The initiative program provides the appropriate atmosphere and environments by providing office space to practice their work in this sector.