Regional Discussion Western Asia & Arab Region Outcome of the RIM on CSD-18 Thematic Areas Interactive Discussion An Intervention on Mining By Abdulbasit.

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Regional Discussion Western Asia & Arab Region Outcome of the RIM on CSD-18 Thematic Areas Interactive Discussion An Intervention on Mining By Abdulbasit Salem Sairafi Deputy Assistant for Sustainable Development Ministry of Petroleum and Mineral Resources, Division of Mineral Resources New York, 4 May 2010

2 MINING A. 1. Status : The region has a wealth of several raw minerals available representing an important segment in the economies of the region; Developed exploration, extraction and industrialization activities are still insufficient to utilization the available resources. A. 2. Progress achieved: At the National Level: a)Establishing national centers for remote sensing and geographic databases to support identifying reserves and defining potential fields for investment; b)Enacting laws and regulations governing the exploitation of reserves and encouraging the investment in mineral projects A.Status and Progress Achieved

3 MINING At the Regional Level: a)Establishing and activating the Arab Industrial Development and Mining Organization (AIDMO); Needs identification, strategies formulation, sector development plans b)Directing efforts towards achieving integration in the extraction work and industrialization activities; c)A plan of action is being developed by concerned ministerial councils for the implementation of the Arab partnership strategy for the development of the mineral wealth sector. A. 2. Progress Achieved (Contd.)

4 MINING C. 1. The Challenges: Shortage of available databases and limited regional cooperation; Lack of customs and taxation regulations that can encourage investments and competitiveness in the field limit the competitiveness; Outdated existing legislations and laws and lack of enforcement. C. 2. Priority areas for action: Finalizing the Arab strategic plan of action for the development of the mineral wealth sector; C.Challenges and Priority Work Areas

5 MINING C. 2. Priority areas for action (Contd.) Improving infrastructure and encouraging international investments in mining sector; Enhancing coordination among regional institutions and cooperation with developed countries in relevant fields ex. remote sensing, exploration, mineral search and HR development; Establishing mining chambers to explore and coordinate investment in the field of exploration and mining including small and medium- sized mines; Enhancing capacity building programmes on relevant areas Reviewing existing legislations and laws to be in line with regional and international changes. C.Challenges and Priority Work Areas (Contd.)

6 THANK YOU