However, we know that we can only achieve our full leadership ambition as the National Mining Champion in Saudi Arabia by working closely with others and providing wider sector leadership for the mining industry.
A key enabler of this is our important work to proactively engage with stakeholders. These relationships are a critical element of our current and future success.
Ma'aden can achieve a lot, but working closely alongside others allows us to achieve so much more.
These relationships play a critical role in ensuring Ma’aden’s continued growth. We are a key and trusted advisor to government agencies, actively involved in ongoing discussions and debates which shape the laws and regulations related to the mining sector in general, and Ma'aden’s business interests in particular.
In order to deliver on our vision, Ma’aden maintains strong, mutual, strategic interface with government agencies and key public stakeholders. These relationships deliver three major benefits to the company.
Firstly,they ensure that key decision-makers not only understand the importance of the work that Ma'aden undertakes, but also know how it contributes to broader national aims from economic, industrial and socioeconomic perspectives. For instance, in 2020, our team used our economic contribution model to clearly explain the added value that Ma'aden brings to Saudi Arabia, and the communities where we operate.
Secondly, interfaces with our team stakeholders enable current and future delivery. They create an open communications route which, in 2020, helped secure the necessary sourcing of infrastructure enablers and incentives to continue to grow our activities. It is only by building and maintaining these relationships that we can execute our business plan and strategy.
Thirdly, our Corporate Strategic Affairs team has a critical role to play in horizon-scanning – understanding changes that are taking place in our operating environment and regulatory systems which may impact on our business now or in the future. We are a company which faces the future, anticipating changes and remodeling our activities to meet future challenges.
Ma’aden is a proud Saudi Arabian company, with a commitment throughout the business to add value to the national economy. We will continue to engage with government agencies, and invest time and resources into building strong relationships, to provide a solid foundation for our future growth.
