The UK seeks new mining opportunities with Saudi Arabia
UK to deepen collaboration on critical minerals with Saudi Arabia
Britain's Business, Energy & Industrial Strategy department says the partnership could see Saudi investment in the UK’s manufacturing and mining finance sectors, and new opportunities for UK mining firms to do business in Saudi Arabia.
Wednesday 11/01/2023
LONDON - The British government said on Wednesday it had agreed to deepen its collaboration with Saudi Arabia on diversifying sources of critical minerals.
Britain's Business, Energy & Industrial Strategy department said the partnership could see Saudi investment in the UK’s manufacturing and mining finance sectors, and new opportunities for UK mining firms to do business in Saudi Arabia.
The British government said it was also important "in ensuring the UK’s critical mineral supply chains are not overly reliant on any one country, with supplies currently dominated by China."