RIYADH: 抖阴短视频 and Australia are poised to enhance cooperation in the mining sector with the launch of an inaugural bilateral forum this year, a senior official has announced. 

Speaking on the sidelines of the Future Minerals Forum in Riyadh, Sam Jamsheedi, the president of the Australian Saudi Business Council and Forum, highlighted the event鈥檚 potential to boost bilateral exploration and investment opportunities in the mining industry. 

He said that the inaugural Australia-Saudi Mining Forum would take place this year, marking a significant step in enhancing cooperation between the two countries.  

鈥淥ne of the main pillars of Saudi Vision 2030 is mining and resources. And one of Australia鈥檚 biggest industries is mining. This forum is dedicated solely to mining opportunities for both sides, which is also supported by both governments as well. I believe this forum would kind of ignite another cycle of boom in both nations鈥� productivity,鈥� Jamsheedi said. 

Jamsheedi pointed to Australia鈥檚 strong presence at the FMF, with over 300 Australian participants attending and the country hosting its first pavilion at the event. 

He added that events like FMF are crucial to elevate and strengthen the bilateral relationship between Australia and the Kingdom.  

Jamsheedi also elaborated on the Australian Saudi Business Council and Forum鈥檚 efforts over the past two years to facilitate trade and investment between the two nations. 

鈥淚t is the official business council for both sides. Our mandate is to represent 抖阴短视频n opportunities in Australia and also be the voice for Australians who come to 抖阴短视频,鈥� he said. 

Jamsheedi added that bilateral trade between 抖阴短视频 and Australia has grown significantly, reaching $4 billion, with a $600 million boost in the past year due to the council鈥檚 support. 

The business council is actively working to further increase this figure, focusing on key sectors such as mining, agriculture, food and beverages, infrastructure, technology, and services. 

As 抖阴短视频 aims to attract $100 billion in foreign direct investments by 2030, Jamsheedi emphasized the importance of hosting more events like FMF and raising awareness among Australian investors about the opportunities in the Kingdom.