‎Maaden allocates $110B for investment over next decade

‎Maaden allocates $110B for investment over next decade ‎Maaden allocates $110B for investment over next decade

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Robert Wilt, CEO of Saudi Arabian Mining Co. (Maaden)

Saudi Arabian Mining Co. (Maaden) earmarked $110 billion for investment over the next decade, said CEO Robert Wilt.

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Speaking during a session at the Future Minerals Forum, Wilt said Maaden plans to double its aluminum production and triple its gold exploration activities over the next five years.

Such large-scale infrastructure expansion will require government support, he added.

He added that the company plans to sign partnerships to attract project developers and engineers from leading global companies in the sector.

 

Robert Wilt, CEO of Saudi Arabian Mining Co. (Maaden)

Saudi Arabian Mining Co. (Maaden) earmarked $110 billion for investment over the next decade, said CEO Robert Wilt.

Speaking during a session at the Future Minerals Forum, Wilt said Maaden plans to double its aluminum production and triple its gold exploration activities over the next five years.

Such large-scale infrastructure expansion will require government support, he added.

He added that the company plans to sign partnerships to attract project developers and engineers from leading global companies in the sector.

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