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Ma'aden Sponsors SIDF Industrial Hackathon, contributes SAR 600,000 in prize money


Jun 28, 2022

Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining champion, supports the Saudi Industrial Development Fund (SIDF) by sponsoring its first Industrial Hackathon.

The SIDF Industrial Hackathon connects entrepreneurs with manufacturers in Saudi Arabia through a competition where young talent can use their skills to address real challenges faced by corporates. The goal of the event is to encourage innovation in the industrials sector by leveraging Saudi Arabia’s talent pool. This year’s event hosted over 200 participants.

Bob Wilt, CEO of Ma’aden said, “We are committed to supporting the development of Saudi talent and innovation. Local communities are central to Ma’aden’s operations and a critical component of our long-term development. By creating education opportunities for Saudi youth, we aim to contribute to the Kingdom’s annual job growth targets and broader economic diversification.

In line with these goals, Ma’aden is pleased to contribute SAR 600,000 in prize money to the Saudi Industrial Development Fund’s Industrial Hackathon, which will be distributed equally between all participants. We wish all participants the best in their future endeavors and hope this will help provide a springboard to catalyze new ideas and solutions that help shape our future,” Mr. Wilt continued.

Among other initiatives, Ma’aden has helped establish the Saudi Mining Polytechnic, an institute that trains Saudi youth for critical roles in the mining industry. Ma’aden also runs a Schools of Excellence Program in partnership with the Ministry of Education, providing quality education for hundreds of students in the Northern Borders Region of the Kingdom.

Since its 2008 IPO, Ma’aden has become the leading company for the development of the Saudi mining industry. Ma'aden is a key driver of Saudi Arabia's position as an essential contributor to global food security and a crucial player in global growth across a range of sectors from electric mobility solutions to renewable energy technology.