Saudi Arabia Showcases Mining Growth at PERUMIN 37 Event

Saudi Arabia’s Ministry of Industry and Mineral Resources, along with senior officials from the Saudi Geological Survey (SGS) and ESNAD, participated in PERUMIN 37, one of the world’s leading mining conventions. The delegation aimed to highlight the Kingdom’s growing role in global mining and sustainable resource development, while promoting the upcoming Future Minerals Forum to be held in Riyadh in January.

Vision 2030 and Mining Growth

Deputy Minister Abdulrahman AlBelushi emphasized Saudi Arabia’s commitment to mining as a key pillar of the national industrial economy under Vision 2030. With an estimated $2.5 trillion of untapped mineral wealth, the Kingdom is implementing investor-friendly policies, world-class infrastructure, and partnerships to strengthen global supply chain resilience.

Investment and Exploration Initiatives

AlBelushi underlined the Kingdom’s steps to attract investment and technology partners. These include transparent exploration licensing rounds, the $182 million Exploration Enablement Program to support early-stage investments, 100% foreign ownership options, co-funding for CAPEX via the Saudi Industrial Development Fund (SIDF), and the National Geological Database (NGD), providing over 80 years of geological data to investors.

Strategic Global Partnerships

The delegation reinforced Saudi Arabia’s interest in building partnerships with Latin American countries, especially Peru, a top producer of copper, silver, and zinc. Discussions focused on collaboration in exploration technology, mining expertise, joint investments, and leveraging Peru’s experience with artisanal miners.

Bilateral Meetings and Investment Promotion

During PERUMIN 37, the Saudi delegation held several bilateral meetings with Peruvian and international companies in mining, exploration, and services. The aim was to explore collaborations, promote investment opportunities in Saudi Arabia, and strengthen ties across the global mineral sector.

The delegation also conducted a country session titled “Unlocking Saudi Arabia's Mineral Potential: The world's next global mining and mineral processing hub.” This session showcased the Kingdom’s mining sector, investment incentives, and potential to become a global hub for mining and mineral processing.

Saudi Arabia’s presence at PERUMIN 37 demonstrates its strategic focus on sustainable mining, global cooperation, and economic growth. With ongoing initiatives to attract investors, enhance exploration knowledge, and foster international partnerships, the Kingdom is poised to become a key player in global mineral supply chains.