The future growth potential of the mining sector is significant and will unfold new growth for the industrial, energy, and logistics sectors
Approval of the new Mining Investment Law by the Saudi Council of Ministers to enable and enhance the Mining Sector
The mining value chain can contribute more than SAR 281 billion to GDP, create more than 256,000 new job opportunities, and reduce net imports to no less than SAR 37 billion
Maximizing the added value of metallic ores by improving the value chains of mineral industries in partnership with the private sector
Vast natural gas availability and low utility prices.
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.
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
Implementation of highly reliable exploration programs, which contributes to attracting more investments to the mining sector.
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
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.