Manama, Bahrain – 16 January 2024: Foulath Holding, an industrial holding company with major steel investments, has recently taken part in the third edition of the Future Minerals Forum as a Strategic Partner. The event took place from 9 to 11 January 2024, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia.
In a panel discussion entitled “Growing mineral investment in new jurisdictions, Foulath Holding Chairman, Mr. Meshary Al-Judaimi highlighted the company’s future investment plans. The Chairman was joined by His Excellency Bandar Al-Khorayef, Minister of Industry and Mineral Resources, Saudi Arabia, as well as Mark Cutifani, Chairman of Vale Base Metals, Mark Bristow, Chief Executive Officer of Barrick Group, Benedikt Sobotka, Chief Executive Officer of Eurasian Resources Group (ERG), and Jeremy Weir, Chief Executive Officer of Trafigura. With a focus on expanding regional investment within the sector, the session was moderated by Rohitesh Dhawan, President and Chief Executive Officer of International Council on Mining and Metals (ICMM).
Commenting on the occasion, Mr. Dilip George, Group CEO of Foulath Holding, said: “We are proud to have participated in the coveted Future Minerals Forum as a Strategic Partner and industry player. Foulath Holding is committed to driving sustainable growth in the steel industry across the MENA region by making prudent investments in the steel value chain and forging strategic business ties on a regional and global scale.”
Foulath Holding, and its subsidiaries Bahrain Steel and SULB, operate both in the Kingdom of Bahrain and Saudi Arabia, investing in a wide range of key steel projects and business ventures. The organisation has established a leading position in the industry through its various sustainable-led investments and future endeavours.
The Future Minerals Forum is one of the world’s largest gatherings of senior government and industry representatives, dedicated to creating resilient and responsible mineral value chains in the super regions of Africa, Western and Central Asia.