The segment is vital to enabling downstream development of other sectors (e.g., construction, automotive, renewables, aerospace) by providing critical raw materials and stimulating the manufacturing industry
The segment is capitalizing on the Kingdom massive resources of minerals and the local demand that is considered the highest in the region with respect to many minerals
Sustainable demand growth, supported by high localization targets in many downstream industrial sectors
Vast natural gas availability and low utility and energy prices
Implementation of highly reliable exploration programs, which contributes to attracting more investments to the mining sector.
Providing information and geological maps and conducting multi-method aerial and geochemical surveys for the whole Arab Shield area to support acceleration of investment in metal exploration by providing them with highly accurate primary regional geological information.
The support provided through the ongoing efforts by the Ministry of Industry and Mineral Resources including
1- Enhance the regulatory framework by updating the mining investment law
2- Streamline the licensing process
3- Create one-stop-shop services to improve the investor journey
4- Establishing the Mining Services Company and the Exploration Fund
The Saudi Geological Survey Initiatives include
1- Regional Geological Program
2- Accelerated Exploration Program
3- National Geoscience Database
4- Drilling Core Sample Library
5- Mining Center of Excellence
6- Geological Services Company
Improving the regulatory and legislative environment in the Ministry of Industry and Mineral Resources and its ecosystem in a number of areas including
providing a clear path for industrial investors in strategic sectors and all related regulations, ensuring a legislative environment that motivates investments in the industry sector and protects fair competitiveness, in addition to addressing the challenges of the private industry sector.
Identifying trade policy requirements to support the national industrial strategy in all industrial clusters to reach the targeted markets, establishing non-tariff measures to protect national products from unjustified growth in foreign imports.
Raising awareness of Saudi establishments of the best practices of export, export policies and procedures in Saudi Arabia and priority markets and helping establishments to enhance and increase the competitiveness of their products internationally.