#Saudi Arabia #Riyadh #mining agreements #Riyadh Forum #Future Minerals

Summary of the 5th Future Minerals Forum

The Future Minerals Forum (FMF), organized by the Ministry of Industry and Mineral Resources, recently took place in Riyadh from January 13 to January 15, 2026. This high-profile event attracted a record attendance of 21,500 participants, including investors, executives from leading mining companies, and technical experts worldwide.

Achievements of the Forum

During the forum, a remarkable 132 agreements and memoranda of understanding were signed. These agreements amounted to an impressive $26.6 billion and encompassed critical areas such as exploration and mining, financing, research and development, innovation, sustainability, and value-added supply chains within the mining industry.

In his closing remarks, His Excellency Bandar Alkhorayef, Minister of Industry and Mineral Resources, emphasized that the unprecedented momentum observed during the event reflects substantial progress across the global mining ecosystem. He noted that over five years, the forum has evolved significantly, establishing a collaborative foundation among all stakeholders, promising year-round cooperation.

Focus on Technological Advances

Alkhorayef highlighted that tangible progress is closely linked to the acceleration in adopting mining technologies, which serve as key drivers for growth. The Kingdom's efforts to reform its regulatory framework have improved the investment environment—this includes revising procedures, updating regulations, streamlining licensing processes, providing accessible geological data, and launching incentive programs aimed at supporting exploration activities and attracting partners across the value chain.

Engaging Discussions and Expert Contributions

Throughout the three-day event, over 450 speakers participated, including ministers, government representatives, and industry professionals. They explored investment partnerships, community development initiatives, new mining projects, AI-driven decision-making, and the integration of local economies into the mining value chain.

The international exhibition showcased 274 exhibitors and featured 13 official pavilions from various countries, including Australia, Canada, the United Kingdom, Germany, France, and Brazil. The exhibition was organized into four zones: heavy machinery and equipment, cutting-edge technology innovations, major global companies, and junior exploration firms.

Looking Ahead

The Future Minerals Forum, launched in 2022, aims to serve as the premier global platform for the mineral industry. It brings together governments, international organizations, and stakeholders to shape the industry’s future. The forum is pivotal in fostering a global dialogue on minerals, driving innovation, and promoting a sustainable future.

In summary, the successful conclusion of the FMF underscores the ongoing evolution and potential of the global mineral industry, serving as a beacon for future initiatives and collaborations. For more information, visit the official FMF website or follow them on their communication channels.