Mongolia, Saudi Arabia to boost mining cooperation

Mongolia and Saudi Arabia on Tuesday pledged to step up their cooperation in the mining and minerals sectors.

There is full potential for successful and mutually beneficial cooperation between the two countries, Prime Minister Batbold Sukhbaatar said during a meeting with a Saudi Arabian delegation led by Ali bin Ibrahim Al-Naimi, Saudi Arabia's Minister of Petroleum and Mineral Resources.

Sukhbaatar stressed the need to raise current bilateral cooperation to a new level, especially in the mining and minerals sectors, which are the two countries' most dominant economic sectors.

The prime minister added that Mongolia could learn from Saudi Arabia's experience in oil exploitation, capitalization and management.

The Saudi oil minister said that his visit to Mongolia aims to explore opportunities for mutual cooperation and investment in the mining sector.

The minister said that the Saudi Chamber of Commerce and Industry looks forward to strengthening bilateral cooperation with Mongolia.

The Saudi minister also expressed willingness to help train Mongolian oil specialists and create opportunities for Saudi businessmen to invest in the Asian country.

Source: Xinhua