Riyadh: Minister of Industry and Mineral Resources Bandar Alkhorayef recently engaged in a bilateral meeting with Coface, a prominent provider of trade credit insurance and risk management solutions. This meeting, held on the sidelines of the fifth edition of the Future Minerals Forum in Riyadh, was attended by Saudi Export-Import Bank (Saudi EXIM) CEO Eng. Saad Alkhalb.
According to Saudi Press Agency, the discussions focused on the existing collaboration between the Kingdom of Saudi Arabia and Coface Group, emphasizing the significant role it plays in supporting Saudi exporters and boosting the global competitiveness of national products. The parties explored opportunities to enhance the insurance and credit facilities of the Saudi EXIM, aiming to offer greater protection for Saudi exports against commercial risks. This initiative aligns with Saudi Vision 2030’s objectives to increase non-oil exports and amplify their contribution to the national GDP.
The meeting also delved into the prospects of the mining sector at both local and global levels. In this context, the expertise of Coface in evaluating and managing investment risks in the mining industry was reviewed, especially concerning emerging markets such as Africa. This expertise is crucial for enabling investors to make well-informed decisions that foster the growth and sustainability of global mineral supply chains.
The Future Minerals Forum, which served as the backdrop for the meeting, concluded its fifth edition in Riyadh. The event witnessed the participation of leaders, experts, international organizations, major companies, and financial institutions from over 100 countries, all contributing to discussions on the future of the mining sector.