USSBC Leads North American Delegation at Future Minerals Forum

USSBC Leads North American Delegation at the Future Minerals Forum

On January 15-16, 2025, in Riyadh, Saudi Arabia, the U.S.-Saudi Business Council (USSBC) will spearhead a notable delegation comprising eight North American companies to the 4th Future Minerals Forum (FMF). This event, which has garnered significant interest internationally, aims to strengthen ties between North America and Saudi Arabia, particularly in the mining and industrial sectors.

The delegation is poised to introduce a diverse array of products and services aimed at enhancing mining efficiency and sustainability in the region. Participating companies plan to showcase technologies such as artificial intelligence (AI), the Internet of Things (IoT), and software-as-a-service (SaaS) solutions designed to optimize resource management within the mining industry. Moreover, innovations in solid-liquid separation equipment, geophysical surveys, and AI-powered robots tailored for mining and construction sites are on the agenda, highlighting a robust approach to modernizing the sector.

Legal and financial advisory services will also be presented, alongside security solutions involving advanced monitoring cameras for heavy machinery operating in mining settings. Furthermore, specialized tire design and management services targeted for mining vehicles will reflect the delegation's commitment to improving operational safety and efficiency in challenging environments.

The USSBC delegation's objectives are clear: to explore partnership opportunities with Saudi entities, seek investment prospects, and actively engage in discussions regarding sustainable mining practices and technological advancements. This participation underscores the USSBC's dedication to helping American companies establish manufacturing and industrial operations within Saudi Arabia, which is part of a broader strategy to diversify the economy.

Saudi Arabia possesses a staggering $2.5 trillion worth of mineral resources spread across 52 different commodities. The Kingdom is keen to develop mining into a third pillar of its economic strategy, alongside oil and tourism. Leveraging its vast resources, geographical advantages, and international connections, Saudi Arabia aims to position itself as a central hub for the minerals value chain across the Middle East and Africa.

Charles Hallab, the President and CEO of the USSBC, emphasized the significance of this initiative, emphasizing the potential for enhanced collaboration between North American and Saudi stakeholders. “The Future Minerals Forum is a crucial venue for fostering innovation and sustainable practices in the mining industry. Our goal is to contribute positively to Saudi Arabia's Vision 2030 while simultaneously showcasing the capabilities of U.S. companies on the global stage,” said Hallab.

Since its inception in 2021, the FMF has become a pivotal platform for industry leaders, investors, and technology innovators, focusing on sustainability and advancements in resource management. With approximately 14,000 participants from 178 countries, including 75 government representatives, the forum serves as a catalyst for fostering global cooperation in mining.

As an Associate Partner of the FMF25, the USSBC has consistently supported the forum and played a vital role in leading U.S. business development missions since 2022. The upcoming gathering promises to be a significant milestone in reinforcing the bilateral relations between the U.S. and Saudi Arabia, especially in the realm of mining and industrial development, paving the way for future collaborations that align with both nations’ strategic goals.

In conclusion, the engagement at the Future Minerals Forum not only showcases the innovative spirit of American companies but also reinforces the commitment of the U.S.-Saudi Business Council to facilitating advancements and partnerships that can lead to a more sustainable and prosperous mining industry.