Leading Saudi conglomerate Al-Rushaid Group has inked partnership agreements with four international private firms specialising in mining services, drilling technology solutions, industrial auctions, and geotechnical solutions at the ongoing African mining conference, "Indaba", in Cape Town, South Africa.

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.

The agreements were formalised with the MSA Group, a leading independent technical consultancy that provides high-quality solutions to the international mining industry, 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 Center, 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. Additionally, the conference continues to support education, career development, sustainable development, and other important causes in Africa.

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