For selecting the mining complex, you can view all approved mining complexes through the mining complexes registry service available on the mining platform.
Mining Upstream – Quarries
why invest in Mining Upstream – Quarries ?
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
Investor Journey
01
01
Selection of Mining Complex
02
02
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
03
03
Quarry Development and Start of Production and Ore Processing
04
04
Site Rehabilitation
01
01
Applying for a Foreign Investment License
02
02
Selection of Mining Complex
03
03
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
04
04
Quarry Development and Start of Production and Ore Processing
05
05
Site Rehabilitation
Selection of Mining Complex
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
Building materials quarry license gives the investor the right to mine and exploit the specified Class C minerals. In addition, it allows the investor to transfer and sell the exploited minerals along with full operational rights.
License duration:
Doesn’t exceed 10 years, and can be extended, where each extension shouldn’t exceed 5 years.
Requirements:
- Study of the environmental and social impacts
- Rehabilitation and closure plans
- The license applicant must have technical sufficiency, financial ability, and feasibility study
- Financial guarantee mechanism for rehabilitation and closure
Application Process Duration:
30 days maximum
License cost:
- Application fee is SAR 10,000
- Issuance fee is SAR 20,000
- Renewal fee is SAR 20,000
Quarry Development and Start of Production and Ore Processing
You can begin to develop and operate the quarry, and to produce and exploit the minerals specified in the license. You can also transfer, sell and export the treated minerals in their original condition, or after purification in accordance with the terms and conditions of the license.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
Site Rehabilitation
You must obtain the approval of the Ministry of Environment, Water and Agriculture for the rehabilitation according to the approved plan. The rehabilitation process shall include:
- Minimizing Environmental Impact
- Ensuring Public Health and Safety
- Maintaining Water Quality
- Removing Waste and Hazardous Materials
- Preserving the Site and Protecting it from Collapse
Foreign Investment License through Ministry of Investment
To invest as a non-Saudi Citizen, you must apply and obtain a foreign investment license from the Ministry of Investment (MISA).
Fees:
- Annual fees of 12,000 Saudi Riyals for the first year.
- Annual fees of 62,000 Saudi Riyals for any following year.
Time Frame:
One (1) Business Day
Documents Required:
- A copy of the Commercial Registration from your home country.
- A financial statement for one fiscal year.
- Both documents should be validated by the Saudi Embassy and the Ministry of Foreign Affairs in your home country.
Entrepreneur Licenses:
The service is provided to business leaders who wish to establish emerging technical, innovative or distinguished companies capable of expansion and growth to provide a better and different product or service in the Saudi market and have supportive entities approved by the ministry of investment.
Service Documentations:
- The Board of Directors decision on their desire to get a license, stating the invention type, its sponsors, the authorities, and a copy of the national identity if one of the partners is a natural person holding the nationality of one of the GCC countries (if their data is not already registered in the ABSHAR system), If the license applicant is a foreign individual, they must provide a copy of their passport.
- Obtain a letter of support or proof of project approval from an accredited Saudi university, business incubator, or venture capital fund. The letter must contain the following details: the project’s name, the required activity, ownership informant, and contact information of the supervising authority.
Service Rules and Restrictions:
- In case that one of the partners was previously licensed by Ministry of Investment, it must be clarified when filling in the partners’ data while submitting the electronic application.
- Authorized Saudi universities or business incubators or venture capital fund shall approve the license applications.
- If the applicant is a resident of the Kingdom, the Saudi sponsor should submit a letter of no objection.
- The applicant must enter data on the Saudi national identity / premium residence/residence if one of the partners holds any of these documents. Or the commercial registration data for the participating Saudi companies during the electronic application submission.
Service Fees:
- Payment of license fee of (2000) Saudi Riyals annual for (5) years as maximum.
- Payment for services obtained from the Ministry of Investment’s investor relations centers is calculated at the end of the fifth year of subscription after the establishment is reclassified other than entrepreneurial. Payment for services is applied as a regular license.
- Service fees shall be paid within (30) days from the bill issuance date. If the payment is delayed within the identified period, the service will be cancelled, and the applicant must apply again.
Selection of Mining Complex
For selecting the mining complex, you can view all approved mining complexes through the mining complexes registry service available on the mining platform.
Request for a Building Materials Quarry License in the Complex (Exclusive Right)
Building materials quarry license gives the investor the right to mine and exploit the specified Class C minerals. In addition, it allows the investor to transfer and sell the exploited minerals along with full operational rights.
License duration:
Doesn’t exceed 10 years, and can be extended, where each extension shouldn’t exceed 5 years.
Requirements:
- Study of the environmental and social impacts
- Rehabilitation and closure plans
- The license applicant must have technical sufficiency, financial ability, and feasibility study
- Financial guarantee mechanism for rehabilitation and closure
Application Process Duration:
30 days maximum
License cost:
- Application fee is SAR 10,000
- Issuance fee is SAR 20,000
- Renewal fee is SAR 20,000
Quarry Development and Start of Production and Ore Processing
You can begin to develop and operate the quarry, and to produce and exploit the minerals specified in the license. You can also transfer, sell and export the treated minerals in their original condition, or after purification in accordance with the terms and conditions of the license.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
will also need to submit annual reports of exploitation to the Ministry of Industry and Mineral Resources.
Site Rehabilitation
You must obtain the approval of the Ministry of Environment, Water and Agriculture for the rehabilitation according to the approved plan. The rehabilitation process shall include:
- Minimizing Environmental Impact
- Ensuring Public Health and Safety
- Maintaining Water Quality
- Removing Waste and Hazardous Materials
- Preserving the Site and Protecting it from Collapse
Segment Enablers
other Sectors
Mining
Industry
Logistics
Energy
