Khalid Al Mudaifer

AS HEAD OF the region’s largest mining firm, Mudaifer is an important figure in efforts to diversify Saudi Arabia’s industrial base beyond oil refining and export. Last year, Ma’aden’s investments exceeded $22.6 billion, making the kingdom a major player in the phosphate and aluminium industry. At Al Jalamid in the northern province the company produces 11.6 tonnes of phosphate a year, while work continues on a fully integrated facility at Wa’ad Al Shamal minerals industrial city, where Ma’aden has invested $7.19 billion. A joint bauxite mine project with Alcoa worth $10.6 billion continues to bear fruit.