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Saudi International Iron and Steel Conference kicks off September 12 with regional and global participation
RIYADH: The second edition of the Saudi International Iron and Steel Conference will start on September 12 in Riyadh, with the participation of regional and global industry leaders and experts, as the Kingdom aims to become a player major on the world map steel industry.
Organized by the National Iron Industry Committee of the Federation of Saudi Chambers, the event will be held under the patronage of Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef, and Minister of Investment , Khalid Al-Falih, Saudi Press Agency reported.
Saudi Arabia’s efforts to develop the mining and mining industry are part of the Kingdom’s efforts to diversify its economy, which has been dependent on oil for several decades.
Billed as the largest of its kind in the region, the event will be inaugurated by ministers Al-Khorayef and Al-Falih, as well as Ajlan bin Abdulaziz Al-Ajlan, chairman of the Federation of Saudi Chambers.
The first day will see an exhibition attended by conference sponsors from various leading steel industries, representing Saudi Arabia, Gulf countries and international companies.
On the second day, Nayef Falah Mubarak Al-Hajjraf, Secretary General of the Gulf Cooperation Council, will deliver a speech.
This will be followed by the first working session, where Osama Al-Zamil, Deputy Minister of Industry and Mineral Resources; and Khalid Al-Mudaifer, Deputy Minister of Mining Affairs, will speak with other experts.
There will also be a two-way dialogue session titled “The Iron and Steel Market Situation in the Middle East and North Africa”, with Edwin Basson, Executive Director of the World Steel Association.
The third session of the second day, “Game Changers in the Global Iron and Steel Market”, will be held with the participation of five speakers.
Among them will be representatives from the World Steel Association, the Indian Iron Federation, the German company Baosteel Europe, a Turkish steel company and a senior partner of McKinsey Globalism.
The fourth and final session of the second day of the conference, entitled “Supply Chains, Energy and Commodities”, will feature speakers such as Louay Mashabi, Undersecretary for Logistics Services at the Ministry of Transport and Logistics; Abdul Rahman Al-Thukair, CEO of the Saudi Export Development Authority, as well as three CEOs from the Gulf region and international steel companies.
Earlier in September, British steelmaker JO Steel Holdings announced it would invest $865 million to build an integrated billet plant in the industrial city of Ras Al-Khair in Saudi Arabia.
The investment is in line with the Saudi government’s national steel strategy, which aims to develop Saudi production of flat steel as part of Vision 2030.
The third and final day of the conference will begin with a speech by Nadhmi Al-Nasr, CEO of NEOM, the Kingdom’s $500 billion Giga Project, followed by another speech by Rayed Al-Ajaji, Chairman of the National Committee of iron and president of the conference.
It will end with a dialogue session titled “Lessons Learned and Next Steps” where Al-Khorayef and international personalities will speak as keynote speakers.