Riyadh: Represented by the Ministry of Energy and Minerals, the Sultanate of Oman today participated in the 'Future of Mining Conference' in Riyadh. The conference serves as an international platform that gathers governments, international companies, research institutions, and experts in the mining sector. It offers an opportunity to review the latest technological developments and investment potentials.

According to Oman News Agency, the Sultanate of Oman's delegation was headed by Mohsin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals. Al Hadhrami emphasized that Oman's participation in the conference aimed to build relations with countries around the world, with the objective of developing the minerals sector as a fundamental pillar for achieving economic diversification and enhancing sustainable development.

Al Hadhrami stated that through its participation in the conference, Oman seeks to attract global investments, adopt the latest innovative technologies, empower national cadres, and encourage relevant converting industries to maximize in-country added value (ICV).

The Ministry of Energy and Minerals has allocated many concession areas for investment through competition. Mining agreements were signed with local and international companies to explore 21 concession areas for the purpose of prospecting raw materials. The total expected investments from these areas are estimated to be about RO 37 million.