HE. Khalid Al Mudaifer

Khalid Al Mudaifer is a transformative Saudi leader with nearly four decades of impact across mining,
industry, and economic development. He is one of the principal architects of Saudi Arabia’s mining
renaissance under Vision 2030, tasked with positioning mining as the third pillar of the economy.

As CEO of Ma’aden (2011-2018), he scaled the company from a domestic operator into a global mining powerhouse. Revenues grew nearly 20x to ~$4bn, assets tripled to $26bn, and Ma’aden emerged as a world leader in phosphate and aluminum through $25bn+ joint ventures with Mosaic, Sabic and Alcoa. He laid the foundation of Ras Al Khair industrial City and Wa’ad Al Shammal Mineral City proving his hallmark: building institutions and industries at scale.

Since 2018, as Vice Minister of Industry & Mineral Resources, Khalid has spearheaded the execution of the Kingdom’s national mining strategy: launching the $1.3 billion National Geological Survey Program, overhauling regulations to attract global capital, and founding the Future Minerals Forum, now the largest global convening in the sector. In the last 2024 Fraser Institute, Saudi Arabia has significantly improved its global investment attractiveness index position raising for 104th in 2013 to 23rd during the 2024, a dramatic and an unprecedented ascend.

Throughout his career, Khalid has held leadership roles in cement, petrochemicals, and finance, consistently turning strategy into execution, scaling organizations, and embedding sustainability and governance.

Khalid has held a number of board memberships with Qassim Cement, Saudi Arabian Railways, Gulf International Bank, U.S.-Saudi Arabia Business Council (USSABC), International Fertilizer Association (IFA), Chairman of Saudi Public Transport Company (SAPTCO) and a number of social and government committees, boards and councils, and is currently the Vice Chairman of the Board of Ma’aden.

He holds a Post-Graduate Diploma in Global Business from the University of Oxford, United Kingdom, an MBA and a Bachelor’s degree in Civil Engineering from King Fahad University of Petroleum and Minerals (KFUPM), Dhahran, Saudi Arabia.

Core identity: A transformative leader and institutional builder who bridges policy, business, and global partnerships to deliver long-term value for Saudi Arabia and the world.