Mining License in Saudi Arabia

Mining in Saudi Arabia has a rich history dating back thousands of years. The growth of the mining sector plays a pivotal role in Saudi
Arabia’s pursuit of economic diversification, a key aspect of Saudi Vision 2030.

The Importance of The Mining
Sector In Saudi Arabia

The Saudi government aims to facilitate the growth of the mining sector
primarily through private sector investment to optimize its profitability in line
with the goals of the Saudi Vision 2030.

Abundant Mineral Resources

Saudi Arabia possesses abundant mineral resources such as gold, copper, zinc, phosphate, bauxite, and iron ore. With the largest oil reserves globally, the mining sector stands as a potential avenue for the Kingdom to capitalize on its wealth of natural resources.

Government Support

The Saudi government actively promotes the growth of the mining sector, aiming to elevate its contribution to the country's GDP from 1% to 10% by 2030.

Investment In Mining Sector

The government made substantial investments in the mining sector, allocating $22.5 billion between 2011 and 2020. These funds primarily supported the establishment of new mines, the expansion of existing ones, and the modernization of mining infrastructure and technologies.

Mining Licensing
Requirements In Saudi Arabia

Mining Licensing