At the World Economic Forum Annual Meeting 2026, a significant partnership was forged between Saudi Arabia and the World Economic Forum, focusing on the critical minerals sector. This collaboration aims to enhance the sustainability and security of mineral supplies, which are essential for various industries. The analytical report published in the material substantiates the following: this initiative is expected to drive innovation and investment in the sector.
Cooperation Agreement Announcement
The cooperation agreement, announced by Saudi Arabia's Ministry of Industry and Mineral Resources, is set to last until 2027. It seeks to unify efforts among stakeholders to strengthen partnerships in the critical minerals sector, which is increasingly vital for global economic stability and technological advancement.
Establishment of Joint Executive Committee
To oversee the initiative, a joint executive committee will be established, tasked with ensuring that mineral supplies are resilient and responsible. This committee will align its objectives with broader industrial goals, reflecting a commitment to sustainable practices in the extraction and use of critical minerals.
Recently, Alibaba Group announced a joint venture with China National Nuclear Power Co to secure sustainable energy for its AI operations, highlighting a different approach to energy sustainability compared to the critical minerals partnership formed by Saudi Arabia and the World Economic Forum. For more details, see read more.
