Saudi Arabia showcased its mining reforms and investment opportunities at a major mining conference in Peru. Mining reforms drive Saudi Arabia investment as the Kingdom aims to become a global hub for minerals and processing. Moreover, the delegation highlighted sustainable development and international partnerships.
Representatives from the Ministry of Industry and Mineral Resources, the Saudi Geological Survey, and Saudi Mining Services Co. presented policies to attract investors. Furthermore, Saudi Arabia announced the upcoming Future Minerals Forum in Riyadh. Mining reforms drive Saudi Arabia investment by encouraging foreign companies and expanding global cooperation.
The Kingdom’s mining exports grew about 80 percent due to higher production of phosphate, iron, aluminum, copper, and gold. In addition, current and planned investments total SR180 billion, reinforcing Saudi Arabia’s strategy to lead the global mineral market. Consequently, the government focuses on boosting exports and attracting foreign investment in downstream industries.
Abdulrahman Al-Belushi, deputy minister for Mining Resource Development, stated that Saudi Arabia and Peru share a strong commitment to using mining for economic growth. Moreover, he said cooperation strengthens mineral supply chains and supports global digital and energy transitions. Mining reforms drive Saudi Arabia investment as part of Vision 2030, making mining a key pillar of the economy.
Saudi Arabia holds mineral resources valued at over SR9.4 trillion and introduced policies to attract investors. These include building integrated infrastructure from mine to market and forming global partnerships to strengthen supply chains. The Ministry also launched digital license rounds through the Tadween platform to ensure transparency and equal opportunity for investors.
The Kingdom supports new mining companies through the Mining Exploration Enablement Program. This program offers up to SR7.5 million per project to reduce early-stage risks. In addition, it provides incentives including full foreign ownership and financing via the Industrial Development Fund. The National Geological Database and regional survey programs provide decades of geological knowledge for investors.
Saudi Arabia also seeks partnerships with Latin American nations, particularly Peru, a top producer of copper, silver, and zinc. Delegates discussed exploration technologies, artisanal mining, and joint investments to strengthen global supply chains. Furthermore, Saudi officials held bilateral meetings with Peruvian and international mining companies to showcase investment opportunities and incentives.
In conclusion, Saudi Arabia’s mining reforms attract global investment and expand international cooperation. Strategic policies and partnerships aim to grow the mining sector and boost economic growth.
