黑料社区

Saudi聽Comedat聽plans to聽double聽its capacity聽amid strong聽growth in mining sector聽

Exclusive Saudi聽Comedat聽plans to聽double聽its capacity聽amid strong聽growth in mining sector聽
Ali Saeed Alqahtani, CEO of Saudi聽Comedat聽Co. (AN Photo)
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Updated 11 January 2023

Saudi聽Comedat聽plans to聽double聽its capacity聽amid strong聽growth in mining sector聽

Saudi聽Comedat聽plans to聽double聽its capacity聽amid strong聽growth in mining sector聽

RIYADH: Saudi聽Comedat聽Co.,聽one of the leading contractors for聽open-pit聽mining in 黑料社区,聽plans聽to double its capacity, as the Kingdom is showing strong signs of growth聽in the聽mining聽sector,聽revealed the company鈥檚聽top official.聽聽

In an exclusive interview聽with Arab News on the sidelines of the Future Minerals Forum in Riyadh on Jan.11,聽Ali Saeed Alqahtani, CEO of Saudi聽Comedat聽Co. said that 黑料社区 is one of the best places for the mining sector due to the聽Kingdom鈥檚聽鈥渟tability and potential for growth.鈥澛犅

鈥淲e are aiming聽to double our capacity in five to six years of time. Now, we work around 2.5 million cubic meters per month of operations for聽Ma鈥檃den. Hopefully, we will double that as聽Ma鈥檃den聽and the entire mining business are growing,鈥澛燗lqahtani聽told Arab News.聽聽

The CEO revealed that the聽company聽tried to go outside聽黑料社区聽鈥渂ut the risk was very high due to unstable laws and unstable politics in the mining sector.鈥澛犅

鈥淚 think 黑料社区 is the best market so far, in terms of stability and growth. We are concentrating on the Saudi market, and we have Jordanian partners as well.鈥澛犅

Alqahtani further added that Saudi聽Comedat聽has plans to create new partnerships with companies other than聽Ma鈥檃den, as more firms are entering 黑料社区 due to positive changes which are happening in the mining sector.聽

鈥淲e have been working with聽Ma鈥檃den聽for 15 years. We are aiming to develop the business for other companies, as you can see, the pipe is full of companies coming to do exploration. Once they get their license, they will need a mining service company like ours to do their work,鈥 he added.聽聽

Saudi聽Comedat聽currently has over 300 employees, with 42 percent of them being Saudi nationals, along with seven females working in the administration department.聽聽

Alqahtani also added that the company, along with聽Ma鈥檃den, has been training Saudi nationals in a dedicated educational facility named Saudi Mining Polytechnic Institute, and the first batch from the institute has already been deployed to work.聽聽

Talking about the company鈥檚 responsibility to ensure sustainability, Alqahtani said聽Saudi聽Comedat聽is聽following the guidelines of聽Ma鈥檃den, as聽they聽come under their umbrella as a contractor.聽鈥淲e have strict environmental policies.聽 What we call it is fugitive dust, because, by nature of the operation, you will have dust.聽So,聽we are suppressing that by chemicals and water.鈥澛犅

Alqahtani聽said the mining industry is going to have a bright future here, but suggested聽that companies that enter the mining industry require a lot of patience to become successful in the sector.聽聽

鈥淎nybody who comes to the industry needs to spend money and should be patient for the return. This is not something you build today for one year and take the profits in two years鈥 time,鈥 said Alqahtani.聽聽

He added: 鈥淢ining sector will give you good returns.聽But you need to work a minimum of聽six聽to 10 years until you really know what you are doing.鈥澛