Leading Saudi conglomerate Al-Rushaid Group and its joint venture partner MSA Group, a leading exploration and mining group, is establishing a consulting company in the country ‘ MSA Arabia”.
The Saudi business group also attended the ongoing African mining conference, ‘Indaba’, which was held in Cape Town. And during the conference, it also signed partnership agreements with three other international private firms specialising in mining services, drilling technology solutions, industrial auctions, and geotechnical solutions.
The collaborations are dedicated to strengthening Saudi Arabia’s domestic mining sector by empowering local cadres and bringing international technical know-how to the Kingdom, according to a report by web portal TradeArabia citing company statement.
As per the repot, besides MSA Group,the agreements were also formalised with Master Drilling Group Limited, one of the world’s largest rock boring and drilling services providers, WH Auctioneers, Africa’s fastest growing industrial asset and property auctioneers, and Geopractica, a specialist in providing geotechnical solutions.
Rasheed Al-Rushaid, chairman and CEO of Al-Rushaid Group signed the agreements alongside Ian Haddon, CEO of MSA Group, Danny Pretorius, CEO of Master Drilling Group Ltd, Shannon Winterstein, CEO of WH Auctioneers, and Wallis Evans, CEO of Geopractica.
The agreement signing took place in the presence of Engineer Khalid Al-Mudaifer, vice minister for mining affairs at the Saudi Ministry of industry and mineral resources, and engineer Abdullah Al-Shamrani, chairman of the Saudi Geological Survey.
Underscoring Al Rushaid’s commitment to investing in innovative business partnerships, Sheikh Rasheed Al-Rushaid, Chairman and CEO of Al-Rushaid Group, said, “We are making steady progress with the intention of developing fruitful business relationships on a global scale.”
“These agreements reflect our commitment to facilitate partnerships between the private and public sectors in the Kingdom of Saudi Arabia and South Africa, and to encourage mutual investment between the two countries, particularly in the sectors that Saudi Vision 2030 prioritizes, such as mining and construction, which will contribute to economic diversification, stimulating the private sector and increasing job opportunities for the youth”.
Mining Indaba kicked off on February 6 and will continue till February 9 at the Cape Town International Convention Centre, South Africa. The conference has been a staple in Cape Town and on the industry’s calendar, bringing together visionaries and innovators across the entire value chain. Over 6,500 mining experts descend on the city every February for four powerful days of networking.
MSA Group MD Dr Ian Haddon says the company believes the geological prospectivity in Saudi Arabia is “fantastic” and that the Saudi Arabian government is very pro mining investment, in line with its Vision 2030 goals.
The collaborations are dedicated to strengthening Saudi Arabia’s domestic mining sector by empowering local cadres and bringing international technical know-how to the Kingdom, a company statement said.