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Saudi Arabia’s Ministry of Industry and Mineral Resources issued 52 new mining licenses in August 2022.  In line with Saudi Vision 2030 and the National Industrial Development and Logistics Program, the ministry seeks to protect the mining sector and maximize its value.  It aims to transform the mining sector into the third pillar of the national industry with the mineral wealth in the Kingdom being valued at around SR5 trillion ($1.3 trillion).

Saudi Arabia issues 52 new mining licenses in August

Saudi Arabia’s Ministry of Industry and Mineral Resources issued 52 new mining licenses in August 2022.  In line with Saudi Vision 2030 and the National Industrial Development and Logistics Program, the ministry seeks to protect the mining sector and maximize its value.  It aims to transform the mining sector into the third pillar of the national industry with the mineral wealth in the Kingdom being valued at around SR5 trillion ($1.3 trillion).

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