Vision 2030 Transforming

Saudi Mining

Under the framework of Vision 2030, Saudi Arabia offers exceptional potential and opportunities for investors through a range of mega projects. The transformation across various sectors has enhanced the business environment, addressing obstacles to create a more attractive ecosystem for both local and foreign investors. Since the launch of the National Industrial Development and Logistics Program (NIDLP) in 2019, Saudi Arabia has emerged as a significant global player in the energy, mining, industrial, and logistics sectors. The rapid growth of these sectors has significantly contributed to diversifying the economy, creating diverse job opportunities, and ensuring a sustainable future for upcoming generations.

Explore More
Investment Guide

Key Resources


The full potential of Saudi Arabia's mining and minerals sector is driven by three key competitive advantages

Menu icon
Geological Wealth

Saudi Arabia boasts an estimated $1.3 trillion in untapped mineral resources, including gold, phosphate, bauxite, copper, and rare earth elements. With vast, underexplored reserves and continuous investment in exploration, the Kingdom is positioned as a global leader in sustainable mining.

Taadeen
Growing Local Demand

The rapid expansion of Saudi Arabia’s industrial, construction, and manufacturing sectors is driving increased domestic demand for raw materials and minerals. This growing need for locally sourced resources reduces reliance on imports and strengthens the national supply chain.

Taadeen
Factor Cost Advantages

Competitive energy prices, an abundant workforce, and government incentives create a cost-effective mining environment in Saudi Arabia. With investor-friendly policies, tax benefits, and access to world-class infrastructure, the Kingdom offers a highly attractive landscape for mining investments.

Mining Vision

Saudi Arabia is committed to establishing the mining industry as the third pillar of its economy, alongside oil, gas, and petrochemicals. As part of Vision 2030, the Kingdom is unlocking its vast mineral wealth, implementing investor-friendly policies, and fostering technological advancements to create a globally competitive and sustainable mining sector.

Developing

Mineral Value Chains

Developing

Mineral Value Chains

Saudi Arabia is leveraging its rich mineral resources, growing local demand, and global market access to strengthen its mineral value chains. By developing exploration, processing, and manufacturing capabilities, the Kingdom aims to diversify GDP, create high-value jobs, and reduce reliance on raw material exports, ensuring long-term economic resilience.

Growth

Opportunities in Mining

Growth

Opportunities in Mining

The Saudi mining sector is undergoing rapid expansion, fueled by strategic investments, regulatory reforms, and infrastructure development. With opportunities aligning with Vision 2030, the Kingdom is focusing on reducing mineral imports, increasing domestic production, and attracting global investors to build a thriving, self-sufficient mining industry.

Driving Demand

Through Industrial Growth

Driving Demand

Through Industrial Growth

Saudi Arabia’s economic transformation is driving a surge in mineral demand, particularly in key industries such as machinery, electrical equipment, and automotive manufacturing. As industrial expansion accelerates, the mining sector plays a pivotal role in supplying essential raw materials, supporting the Kingdom’s vision for a diversified and sustainable economy.

Mining in Saudi Arabia

There are 6 key reasons to invest in Saudi mining sector

01
Large Unexplored Landmass

Saudi Arabia’s geological potential exceeds $1.3 trillion, with over 48 identified minerals, including gold, phosphate, bauxite, and rare earth elements. The Kingdom’s large, unexplored landmass offers significant opportunities for new discoveries and resource development.

02
High Demand for Mining Products

As the fourth-largest net importer of mineral products globally, Saudi Arabia has a growing domestic demand for raw materials. The Kingdom is actively reducing import dependency by expanding local mining and processing capabilities.

03
Investor-Friendly Mining Law

Saudi Arabia’s modernized mining law streamlines exploration and mining license issuance, ensuring transparency, efficiency, and security for investors. The new regulatory framework enhances business confidence and facilitates long-term investment.

04
Competitive Taxation & Investment Incentives

The Kingdom offers best-in-class incentives to encourage advanced exploration and mining activities, including tax benefits, customs exemptions, and infrastructure support, making it one of the most attractive mining destinations globally.

05
Stable Government & World-Class Infrastructure

As a key pillar of Vision 2030, the mining sector benefits from strong government backing, a robust regulatory framework, and extensive infrastructure, including industrial zones, logistics hubs, and transportation networks.

06
Skilled & Expanding Talent Pool

Saudi Arabia has a growing, highly skilled workforce in the mining sector, supported by industry leaders such as Ma’aden, SABIC, and AMAK. Continuous investment in workforce development ensures a sustainable pipeline of local talent for future growth.

Mining in Numbers

$2.5 trillion

Revised Mineral Resource Estimate

card-02

48

Mineral Types

card-03

$15.26 billion

Approximately Value of mineral product imports

card-04

$75 billion

Contribution to GDP by 2035.

card-05

30+

Mining Exploration Licenses

Mineral Consumption Rankings

Saudi Arabia's high rankings in the consumption of these minerals reflect its robust industrial sector and ambitious growth plans.

card-06
#2

Precious Metals

Such as jewelry, electronics, and as financial investments.

card-07
#3

Copper

Used in electrical wiring, plumbing, and construction.

card-08
#5

Ceramic Tile

Used in building and construction, and decorative purposes.

card-09
#12

Sodium Carbonates

Used in glass manufacturing, detergents, water treatment, and paper production.

Top Available Minerals

Goldd

For centuries, gold has played a pivotal role in Saudi Arabia's history, symbolizing wealth, power, and beauty. From ancient mining sites to modern industries, Saudi Arabia is home to some of the world's most significant gold deposits

Goldd
  • Isometric
  • Au
  • Gold
  • 19.3
  • 2.5-3
  • Native

Your Gateway to

Mining Investment

The Ministry of Investment facilitates investor success in the mining sector by offering comprehensive support at every stage, from business establishment to operational launch. Through a network of Service Centers across the Kingdom, investors receive seamless guidance, streamlined processes, and tailored assistance to ensure a smooth and efficient investment journey.

Explore more
Investment Guide

Investment License

We provide support to investors during all stages of their operations, from establishment to the commencement of business activities.

This service is offered to establishments that wish to engage in mining activities in the Kingdom.

Required Documents

To issue an investment license, we only need two documents


Documents:

  • Commercial registration from the investor's country
  • Financial statements from the past year


Both documents must be certified by the Saudi Embassy and the Ministry of Foreign Affairs in the investor's country

Terms and Conditions

We provide support to investors during all stages of their operations, from establishment to the commencement of business activities.

  1. We provide support to investors during all stages
  2. We provide support to investors during all stages
  3. We provide support to investors during all stages
  4. We provide support to investors during all stages
  5. We provide support to investors during all stages
  6. We provide support to investors during all stages
     

Fees

Financial return for the issuance of a license (SAR 2000) from each year up to a maximum of 5 years


Financial return for the issuance of a license (SAR 2000) from each year up to a maximum of 5 years

Timeline

Two to four business days