Published Date: March 19, 2025 ✍️ Author: Global World Citizen News Team 🌍 Source: GlobalWorldCitizen.com
Saudi Arabia has granted exploration licenses to two companies as part of its ambitious strategy to harness an estimated SR9.3 trillion ($2.5 trillion) worth of untapped mineral resources, further positioning the Kingdom as a global mining powerhouse.
Unlocking the Kingdom’s Mineral Potential
The Ministry of Industry and Mineral Resources announced that several local and international firms have secured first-of-their-kind exploration licenses at two key mineral-rich sites:
Jabal Sayid Al Hajjar
Together, these sites span an exploration area of 4,788 square kilometers, marking a significant step in the country’s drive to expand its mining sector.
This initiative aligns with Saudi Vision 2030, the Kingdom’s blueprint for economic diversification, which seeks to reduce dependence on oil revenues and establish mining as a third pillar of the national economy, alongside oil and petrochemicals.
Strategic Investments & Mining Expansion
To accelerate mineral exploration and attract investors, Saudi Arabia has launched the second phase of the Mining Exploration Enablement Program. This initiative is designed to:
Support mining companies in early exploration stages Minimize investment risks for local and international players Provide regulatory and financial incentives to encourage participation
Foreign Investment & Government Incentives
Saudi Arabia’s Mining Investment Law provides lucrative incentives to boost investor confidence, including:
100% foreign ownership of mining companies Up to 75% financing of capital costs via the Saudi Industrial Development Fund (SIDF) Ease of doing business through digitalized licensing and application platforms
These measures have positioned the Kingdom as one of the most attractive mining investment destinations in the Middle East.
Massive Exploration Opportunities
At the Future Minerals Forum (FMF) held in January 2025, the Ministry of Industry and Mineral Resources unveiled plans to auction an additional 50,000 square kilometers of mineral-rich belts. These newly identified regions contain:
Gold Copper Zinc
With this expansion, the Kingdom is reinforcing its commitment to sustainable mining practices and fostering a thriving mineral industry that aligns with international standards.
A Key Pillar of Saudi Vision 2030
The latest mining initiatives reflect Saudi Arabia’s broader economic strategy, which seeks to: Enhance mineral exploration to maximize national resources Diversify revenue streams beyond oil Position the Kingdom as a global leader in the mineral and mining industries
How to Apply for Mining Opportunities
Companies interested in Saudi Arabia’s mineral exploration opportunities can submit applications via the “Ta’adeen” platform, the Kingdom’s official mining investment portal.
Stay updated on Saudi Arabia’s evolving mining sector and investment opportunities at GlobalWorldCitizen.com.
