Saudi Investment Minister Khalid bin Abdulaziz Al-Falih announced that the Saudi government is seeking to conclude an agreement to launch a project for exporting iron ore, in partnership and integration between the National Company for Industry and Mines “ASNM” and the Saudi “Hadid” Company, in addition to projects in the fields of energy, water desalination, digitization, and infrastructure between the two countries.

Al-Falih said in a press statement following talks with Mauritanian President Mohamed Ould Ghazouani at the Presidential Palace in Nouakchott on Wednesday noon that he is visiting Mauritania heading a delegation of 60 individuals from the Saudi public sector, alongside representatives from private sector companies looking to invest in Mauritania in various sectors, most notably mining.

He explained that the delegation also includes representatives from the Saudi Development Fund, which implements various projects, noting that the goal is to establish major developmental projects in the private sector and enhance partnerships between the public and private sectors.

He added that “the economic integration opportunities between Mauritania and Saudi Arabia are limitless,” pointing out that the partnership between the two countries “transformed in 2025 into an economic and commercial partnership, under the direction of the two countries’ leaders.”