A Ma’aden official: Investment opportunities available in the company for the private sector amounted to SAR 4 billion

Abdullah Al-Osaimi, Senior Vice President of Procurement and Business Support at Ma’aden, said that the size of investment opportunities available in the company for the private sector is 4 billion riyals, of which 1.3 billion riyals are under implementation.

He explained during his interview with CNBC Arabia that the company seeks to double the size of its business to 10 times from 2020 to 2040

He pointed to the increase in the percentage of local content in Maaden’s purchases from 5.4% last year to 57.2% currently, in addition to the increase in the size of local purchases since the launch of Maaden’s “Tharwa” program by 30%.