Mar 15, 2023
The Saudi Arabian Mining Company (Ma’aden) concluded its participation in the first edition of the PIF Private Sector Partnership Forum, organized by the Public Investment Fund, which saw the participation of a number of local businesses across a range of sectors.
Ma’aden showcased several cooperation and partnership opportunities within its various business units including Aluminum; Phosphate Fertilizers; and Base Metals and New Minerals, which have a total annual expenditure rate of more than SAR1.3 billion.
During the forum, Ma’aden participated in workshops and seminars where it highlighted its partnerships with the local private sector in light of Ma’aden’s strategy which aims to increase the contribution of local actors to its projects’ supply chains, in support of the Kingdom’s Vision 2030 objectives.
Last year, Ma’aden launched its local content program “Tharwah,” with a goal to boost the contribution of small and medium enterprises to the company’s operations that amounted to more than 70% in 2022. “Tharawh” also intends to increase local suppliers’ contribution to Ma’aden’s supply chains, as well as to increase new business contracts that will create new job opportunities and develop the areas where Ma’aden operates.
Ma’aden’s plays an important role in enhancing local partnerships through its work in remote areas, as it focuses on providing opportunities for local suppliers through projects and supply chains in its industrial complexes, invests directly in local communities by creating jobs for local residents of these remote areas, and provides training opportunities to develop their skills.
