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As Saudi Arabia progresses towards its Vision 2030, a “war for talent” unfolds amid the nation’s rapid development, revealed Ma’aden CEO Robert Wilt. With the kingdom striving for economic diversification, Ma’aden is positioning itself as a powerhouse in the mining sector, seeking to become a cornerstone of the Saudi economy alongside oil giant Aramco and petrochemical behemoth SABIC.

Ma’aden is on a growth trajectory unmatched in the global mining industry, boasting a 27 percent compound annual growth rate. Wilt detailed ambitious plans to augment the company’s scale by tenfold in the upcoming decade, requiring significant investment, expansion, and workforce development.

The creation of Manara Minerals, a joint venture with the Public Investment Fund (PIF), marks Ma’aden’s push into global mining. This strategic move allows the company to invest heavily in extracting essential minerals worldwide to process them within Saudi Arabia’s burgeoning industrial framework.

Since assuming his role as CEO of Ma’aden in 2022, Wilt has been at the helm of a transformative strategy that demands an influx of $58 billion in capital, extensive exploration across Saudi Arabia, and an overhaul of operations. This strategy includes a necessity to triple the workforce over the following ten years, which means Ma’aden must offer top-tier value to its employees through competitive benefits, skill enhancement, leadership development, and a strong focus on employee well-being.

Ma’aden’s vision extends to the global gold market, where the company has made substantial headway. The discovery of a potentially world-class gold belt signifies a golden era for Ma’aden, potentially doubling the nation’s gold reserves each year and reinforcing Saudi Arabia’s position on the gold industry map.

In the forthcoming five years, Ma’aden anticipates a phase of remarkable expansion, seeking to ascend as a leading phosphate exporter, bolster its aluminum operations to rank among the largest in the Western world, and triple its gold business. Wilt emphasizes the company’s commitment to continuous improvement, safe and efficient operations, affirming Ma’aden’s dedication to innovating every facet of the organization for unparalleled success in the industry.