The mining sector in Saudi Arabia is set to experience a considerable advancement as the Saline Water Conversion Corp. (SWCC) is preparing to finalize multiple agreements during the forthcoming Future Minerals Forum in Riyadh.
The national water desalination organization is looking to forge partnerships with a host of domestic and international companies, as well as scholarly bodies. This intention was communicated in a recent announcement.
These cooperative ventures are expected to bolster SWCC’s ongoing initiatives to promote sustainable mining within the Kingdom.
A focal point of these impending agreements is to encourage investment in the pioneering domain of salt reject mining. This innovative approach seeks to extract valuable minerals and reproduce water from desalination processes, both efficiently and economically.
The anticipated deals encompass a significant investment collaboration with premier Chinese enterprises, in line with SWCC’s ambition to tap into global expertise and technologies.
These collaborations, with entities such as Ningxia TB from China, the JSG Alliance, and the Saudi Investment Recycling Co., are geared towards collectively fostering investment prospects, augmenting local content, and strengthening national industries.
Projections by SWCC indicate that investments in the area of regional brine mining related to desalination could ascend to SR8 billion (approximately $2.1 billion) by the year 2030.
Simultaneously, the corporation’s revenues are forecasted to reach a milestone of SR1 billion, with a significant SR1.5 billion contribution to the Kingdom’s gross domestic product anticipated in the same timeframe.
At the upcoming Future Minerals Forum, which enjoys the patronage of King Salman, SWCC is set to play an instrumental role as a principal sponsor.
The corporation plans to exhibit its innovative initiatives, projects, and cutting-edge technologies in mineral extraction from salt reject. Additionally, the forum will act as a stage for SWCC to present forward-thinking solutions for capitalizing on by-products from water desalination, with a focus on sustainability and the promotion of a circular economy.
Moreover, the company’s exhibition space will be a testament to its success in adding value to desalination by-products, thereby underscoring its dedication to supporting supply chains in various sectors.
All these initiatives are in harmony with the Saudi Vision 2030 goals, which aim to cultivate an industrially diverse sector that enhances the resilience and growth of the national economy.