Saudi Arabia is advancing its mining sector’s workforce expertise through a novel pact signed by the Human Resources Development Fund. This collaboration with the Saudi Arabian Mining Co., or Ma’aden, is set to enhance human capital within the industry.
The memorandum of understanding underscores a shared ambition to foster human capabilities, consistent with Saudi Arabia’s Vision 2030 goals of enabling promising career paths and improving skill sets.
The partnership is a testament to the mining sector’s rapid expansion within the Kingdom and on a global scale. The agreement commits to reinforcing the training and empowerment of suppliers within Ma’aden’s local content initiative, Tharwa, ensuring adherence to the fund’s guidelines.
Launched in 2022, Tharwa encapsulates Ma’aden’s objective to cultivate a resource-rich environment in the Kingdom.
Further, the deal pledges to provide trainees with proper support solutions and incentive schemes. It also involves examining avenues to achieve sustainable growth in the mining and minerals industry, which is crucial for the national economy’s fortification.
A collaborative working group comprising experts from both entities will be established to drive the partnership’s initiatives and monitor progress through regular reports.
Ma’aden stands out in the mining industry as the largest multi-commodity mining and metals firm in the Middle East, with a portfolio that includes the production of phosphate fertilizers, aluminum metal, and gold.
In a significant recognition of its sustainable practices, Ma’aden received a certificate for producing an unprecedented 614,000 tonnes of ultra-low carbon ammonia in January, marking the largest amount certified worldwide. Granted by Det Norske Veritas, this accolade represents a significant step in Ma’aden’s journey towards becoming a benchmark for environmental, social, and governance excellence in Saudi Arabia.
This certification also affirms Ma’aden’s dedication to operational superiority and its commitment to diversifying its product offerings.
