Critical minerals race heats up at Davos
Al-Monitor spoke with Saudi Arabia’s minerals minister, Bandar bin Ibrahim Al-Khorayef, who said the kingdom is open to both US and Chinese investors as competition over critical minerals intensifies.
Welcome back to Al-Monitor Business & Tech.
This week, I am reporting live from the World Economic Forum in Davos, where Middle Eastern political and business leaders are out in full force. Despite regional instability, countries in the region have been doubling down on their bids for foreign investment in strategic sectors like AI, critical minerals, digitalization and green energy. Saudi Arabia has been particularly vocal at this year’s WEF, and the kingdom is courting both Chinese and US investors for partnerships in its $2.5 trillion minerals sector.
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