Post by : Mariam
Al-Faris
The Ministry of Industry and Mineral Resources in Saudi Arabia has recently authorized exploration licenses to several domestic and international firms for the Kingdom’s inaugural mineralized belts. Spanning 4,788 square kilometers, the licenses include the Jabal Sayid and Al Hajar sites, both rich in copper, gold, silver, lead, and zinc deposits.
These licenses were awarded after a transparent competition that evaluated candidates on specific technical and financial criteria. This measure reinforces the Kingdom’s commitment to bolstering and structuring its mining sector, ensuring that only qualified companies with solid capabilities engage in resource development.
Khalid Al-Mudaifer, Vice Minister for Mining Affairs, remarked that this development signals a pivotal moment for Saudi Arabia’s mining sector within the framework of Vision 2030. The initiative emphasizes a shift from mere exploration to the establishment of integrated value chains, connecting upstream mining initiatives with downstream industrial processes, thus enabling local benefits and sustainable economic advancement.
Saudi Arabia is actively showcasing its mining sector on the world stage, seeking investment and partnerships from prominent international stakeholders. The forthcoming Future Minerals Forum, scheduled in Riyadh from January 13 to 15, 2026, is anticipated to unite government officials and CEOs from leading mining firms globally. It will provide a vital platform for knowledge sharing, investment exploration, and enhancing Saudi Arabia’s status as a mining epicenter.
The opportunities at Jabal Sayid and Al Hajar are pivotal for achieving the Kingdom’s mining aspirations. Known for its copper, Jabal Sayid is complemented by Al Hajar, which boasts a variety of precious and base metals. Developing these sites is set to generate notable economic impact, create jobs, and boost Saudi Arabia’s industrial capacity.
The government's commitment to transparency and competition during the licensing process also fosters investor confidence. Following well-defined technical and financial standards, Saudi Arabia ensures that capable and dedicated firms manage its mineral wealth. This strategy aligns with Vision 2030’s objectives to diversify the economy, lessen oil dependency, and cultivate high-value manufacturing sectors.
As the Kingdom expands its mining initiatives, it is expected that these projects will draw further investments, technological advancements, and global collaboration. Saudi Arabia’s strategic measures, including the Future Minerals Forum, aspire to position the nation as a frontrunner in responsible, sustainable mineral development.
By taking these steps, Saudi Arabia is harnessing its abundant resources while laying a solid industrial groundwork for economic growth, job generation, and the long-term visions stipulated in Vision 2030. The granted exploration licenses signify a crucial advancement toward achieving these ambitions, ensuring the Kingdom’s mining sector develops in a well-structured and sustainable manner.
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