Saudi Arabia to address energy transition and supply chain challenges in the minerals industry

The FMF is anticipated to tackle several topics, including sustainability, the future of mining, energy transition, the contribution of minerals to the development of societies, digital transformation and integrated value chains. (File)
Short Url
Updated 10 January 2023
Follow

Saudi Arabia to address energy transition and supply chain challenges in the minerals industry

  • Global leaders to gather in Riyadh to discuss issues facing the minerals industry

CAIRO: Saudi Arabia will host the second edition of the Future Minerals Forum from Jan. 10-12 to discuss the upcoming trends and challenges in the minerals industry.

Set to take place at the King Abdulaziz International Conference Center in Riyadh, the FMF will gather global mining leaders, including government officials and business executives.

With over 200 speakers and 13,000 attendees, the event will focus on creating responsible and resilient minerals and metals supply and value chains in Africa, Western and Central Asia.

The FMF is anticipated to tackle several topics, including sustainability, the future of mining, energy transition, the contribution of minerals to the development of societies, digital transformation and integrated value chains.

The forum will start with a ministerial roundtable on Jan. 10 to gather high-level government officials and nongovernmental organizations in the mining industry.

New frontiers

The two-day event will host leaders from over 100 countries to discuss five crucial topics: “The World Today,” “The Region,” “Decarbonizing Supply Chains,” “Digital and New Technology” and “Communities and Future Workforce.”

The “World of Today” is set to point out the region’s mineral development in a global context, the implications of war in Europe for future minerals supply and the economic, environmental and political development that will impact the region’s industry.

“The Region” will open room for a more in-depth discussion about the future of critical mineral supply and demand, exploring mineral hot spots and translating dialogue into actions.

Renewable energy, accountability, traceability and electrification of the supply chain are set to be the core of “Decarbonizing Supply Chains.”

“Digital and New Technology” will reimagine the mining sector through innovation and digitalization, while “Communities and Future Workforce” will explore the diversity, skill development and leadership in the industry.

On Jan. 11, the forum will host several fireside chats, live interviews, and panel discussions beginning with the subtheme “Lands of Opportunity: Enabling mineral development across Africa, Western and Central Asia.”

The event will then move to the second subtheme, “Reimaging minerals for the energy transition,” followed by the third and longest subtheme: “Toward creating regional centers of excellence Part 1.”

HIGHLIGHTS

• The two-day event will host leaders from over 100 countries to discuss five crucial topics: ‘The World Today,’ ‘The Region,’ ‘Decarbonizing Supply Chains,’ ‘Digital and New Technology’ and ‘Communities and Future Workforce.’

• Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef will set the scene on Jan.11 with an opening presentation on the Ministerial Roundtable discussed topic and laying the groundwork for the 2023 forum.

• Saudi Energy Minister Prince Abdulaziz bin Salman will be the guest of a live interview on Saudi Arabia’s role as a global leader in renewable energy supply.

• On Jan. 12, the forum will host two workshops and panel discussions on the importance of education in the sector.

• The event will include a mining tech zone, marketplace, think tanks and a global connect program.

• The FMF 2023 has partnered with Development Partner Institute, Clareo, Center for Energy Studies at Rice University’s Baker Institute for Public Policy, and Payne Institute to deliver dynamic insights about the sector’s development.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef will set the scene on Jan.11 with an opening presentation on the Ministerial Roundtable discussed topic and laying the groundwork for the 2023 forum.

Minister of Investment of Saudi Arabia Khalid Al-Falih and Minister of Finance Mohammed Al-Jadaan will be joined by Tarek El-Molla, Egypt’s minister of petroleum and mineral resources, Kairbek Uskenbayev, Kazakhstan’s minister of industry and infrastructure, Antoinnette N’Samba, Congo’s minister of mines and Grant Shapps, UK’s secretary of state for business, energy and industry, in a panel discussion on the role of governments in the mineral industry.

Sustainability leadership

In a fireside chat, Saudi Energy Minister Prince Abdulaziz bin Salman will be the guest of a live interview on Saudi Arabia’s role as a global leader in renewable energy supply.

On Jan. 12, the forum will host two workshops and panel discussions on the importance of education in the sector.

Saudi Minister of Education Yousef Al-Benyan will be interviewed on delivering a skilled workforce for the new age of minerals in the Kingdom and the region.

The second day of the forum will also host Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli, who will lay out the Kingdom’s ambition toward sustainability.

Other interesting discussions include “Innovations and initiatives for supporting the new minerals industry in Saudi Arabia” and “Toward COP28: Placing minerals on the front line against climate change.”

The FMF’s key objectives are to shape the future of mineral development and attract investment to the region through panel discussions and three workshops.

Future technologies

A considerable part of the forum will be the exhibition which will host an exclusive lineup of international and regional mining, technology, engineering, equipment and energy companies showcasing from all aspects of exploration to the processing of essential minerals.

This year’s program will also feature a new dedicated digital zone that will display the latest current and future technologies. In addition, the program will also feature an outdoor exhibition and a dedicated spot to display investment opportunities in the emerging mining region of Africa, West and Central Asia.

The event will include a mining tech zone, marketplace, think tanks and a global connect program.

“We have all it takes here at the forum to start the journey to build sustainable practices that go beyond compliance and which we can share with the region and the world,” Khalid Al-Mudaifer, vice minister for mining affairs in Saudi Arabia, said in a statement.

Launched in 2022 by Saudi Arabia’s Ministry of Industry and Mineral Resources, FMF is designed to advance and unlock mining opportunities from Africa to West and Central Asia.

The forum has partnered with several global leaders to ensure the event’s success and enable think tanks to further boost idea generation on the future of the mining sector.

The FMF 2023 has partnered with Development Partner Institute, Clareo, Center for Energy Studies at Rice University’s Baker Institute for Public Policy, and Payne Institute to deliver dynamic insights about the sector’s development.


‘The future is renewables,’ Indian energy minister tells World Economic Forum

Updated 22 January 2026
Follow

‘The future is renewables,’ Indian energy minister tells World Economic Forum

  • ‘In India, I can very confidently say, affordability (of renewables) is better than fossil fuel energy,’ says Pralhad Venkatesh Joshi during panel discussion
  • Renewables are an increasingly important part of the energy mix and the technology is evolving rapidly, another expert says at session titled ‘Unstoppable March of Renewables?’

BEIRUT: “The future is renewables,” India’s minister of new and renewable energy told the World Economic Forum in Davos on Wednesday.
“In India, I can very confidently say, affordability (of renewables) is better than fossil fuel energy,” Pralhad Venkatesh Joshi said during a panel discussion titled “Unstoppable March of Renewables?”
The cost of solar power has has fallen steeply in recent years compared with fossil fuels, Joshi said, adding: “The unstoppable march of renewables is perfectly right, and the future is renewables.”
Indian authorities have launched a major initiative to install rooftop solar panels on 10 million homes, he said. As a result, people are not only saving money on their electricity bills, “they are also selling (electricity) and earning money.”
He said that this represents a “success story” in India in terms of affordability and “that is what we planned.”
He acknowledged that more work needs to be done to improve reliability and consistency of supplies, and plans were being made to address this, including improved storage.
The other panelists in the discussion, which was moderated by Godfrey Mutizwa, the chief editor of CNBC Africa, included Marco Arcelli, CEO of ACWA Power; Catherine MacGregor, CEO of electricity company ENGIE Group; and Pan Jian, co-chair of lithium-ion battery manufacturer Contemporary Amperex Technology.
Asked by the moderator whether she believes “renewables are unstoppable,” MacGregor said: “Yes. I think some of the numbers that we are now facing are just proof points in terms of their magnitude.
“In 2024, I think it was 600 gigawatts that were installed across the globe … in Europe, close to 50 percent of the energy was produced from renewables in 2024. That has tripled since 2004.”
Renewables are an increasingly important and prominent part of the energy mix, she added, and the technology is evolving rapidly.
“It’s not small projects; it’s the magnitude of projects that strikes me the most, the scale-up that we are able to deliver,” MacGregor said.
“We are just starting construction in the UAE, for example. In terms of solar size it’s 1.5 gigawatts, just pure solar technology. So when I see in the Middle East a round-the-clock project with just solar and battery, it’s coming within reach.
“The technology advance, the cost, the competitiveness, the size, the R&D, the technology behind it and the pace is very impressive, which makes me, indeed, really say (renewables) is real. It plays a key role in, obviously, the energy demand that we see growing in most of the countries.
“You know, we talk a lot about energy transition, but for a lot of regions now it is more about energy additions. And renewables are indeed the fastest to come to market, and also in terms of scale are really impressive.”
Mutizwa asked Pan: “Are we there yet, in terms of beginning to declare mission accomplished? Are renewables here to stay?”
“I think we are on the road but (its is) very promising,” Pan replied. There is “great potential for future growth,” he added, and “the technology is ready, despite the fact that there are still a lot of challenges to overcome … it is all engineering questions. And from our perspective, we have been putting in a lot of resources and we are confident all these engineering challenges will be tackled along the way.”
Responding to the same question, Arcelli said: “Yes, I think we are beyond there on power, but on other sectors we are way behind … I would argue today that the technology you install by default is renewables.
“Is it a universal truth nowadays that renewables are the cheapest?” asked Mutizwa.
“It’s the cheapest everywhere,” Arcelli said.