Latest news with #MinistryofIndustryandMineralResources
Saudi Gazette
3 days ago
- Business
- Saudi Gazette
Saudi Arabia designates sites for seven new mining complexes
Saudi Gazette report RIYADH — The Ministry of Industry and Mineral Resources has announced the allocation of sites for seven mining complexes across the regions of Riyadh, Makkah, Asir, and Al-Baha, as part of its efforts to enhance transparency. According to ministry spokesperson Jarrah Al-Jarrah, the designated locations include four in the Riyadh region: the 'Tamir 2' complex in Al-Majma'ah (1.99 sq km), a site in Afif (10.38 sq km), the 'Tayri' complex in Rumah (37.88 sq km), and 'Dawadmi 6' (30.62 sq km). In the Makkah region, a site was allocated for the East Faydat Al-Musallam complex in Taif, covering 25 sq km. In Asir, the ministry expanded the Al-Hadbah and Al-Qurain complex in Bisha to reach a total area of 72.78 sq km. Meanwhile, in Al-Baha, a new complex was designated north of Wadi Al-Hijrah in Al-Hijrah governorate, covering 0.66 sq emphasized that establishing these mining complexes enhances governance across the sector, bolsters investor confidence, and prevents unauthorized encroachments on mining noted that the move supports environmental, health, and safety standards, and encourages local community participation in line with Saudi Arabia's Mining Investment mining complexes are expected to stimulate regional development by creating job opportunities for local residents, increasing local procurement, ensuring environmental compliance, and promoting sustainable development through rehabilitation and closure plans for mining sites.
CairoScene
6 days ago
- Business
- CairoScene
Saudi Mining Exploration Companies Increase to 134 in 2025
The Kingdom's intensified mining investments are part of a larger bid to diversify its economy and reduce reliance on oil, with 80% of its mineral-rich land still untapped. Saudi Arabia has doubled its mineral exploration investments as it intensifies efforts to unlock an estimated USD 1.3 trillion in untapped mineral resources across the Kingdom. According to Ministry of Industry and Mineral Resources, exploration spending rose from SAR 700 million in 2022 to SAR 1.3 billion in 2025. The move is part of Saudi Arabia's broader Vision 2030 strategy to diversify its economy and reduce dependence on oil. Despite being the largest country in the Middle East, only 20% of Saudi Arabia's mineral-rich land has been explored to date. Authorities are now racing to attract global investors and develop the mining sector into a pillar of the national economy. The Ministry has already issued 2,800 exploration licenses and continues to push for more public-private partnerships to modernise its geological surveys and infrastructure. By amplifying exploration activity, Saudi Arabia aims to become a global hub for metals such as gold, copper, phosphate and rare earth elements.
Jordan News
16-07-2025
- Business
- Jordan News
Regional mining cooperation 'key' to building sustainable sector-Kharabsheh - Jordan News
Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh, stressed the importance of regional cooperation and unified efforts to exploit shared geological formations. اضافة اعلان The minister made the remarks during his participation in Egypt Mining Forum 2025, which kicked off Tuesday, in the Egyptian capital, Cairo, and will continue for two days with broad regional and international participation from ministers, experts, and decision-makers in the mining sector. Kharabsheh noted many mineral-rich formations, mainly the Arabian-Nubian Shield (ANS), "do not recognize political borders and extend across several countries, including Egypt, Saudi Arabia, and Jordan." Talking to a ministerial panel discussion, themed: "Attracting Strategic Partners and Emerging Exploration Companies to Drive Long-Term Growth in the Mining Sector," Kharabsheh said the ministry signed a cooperation agreement with the Saudi Ministry of Industry and Mineral Resources to exchange information and study cross-border geological formations. Kharabsheh referred to a similar partnership with the Egyptian side, as part of efforts to maximize the benefits of these shared natural resources. According to a ministry statement, Kharabsheh pointed to Jordan's ambition to build transformative industries based on its national resources. The minister added that this approach "opens the door to integrated" projects that may rely on raw materials available in Saudi Arabia or Egypt, which would enhance opportunities for establishing mutual industries and provide an "attractive" environment for "major" companies seeking cross-border regional business opportunities. Kharabsheh noted regional cooperation in the mining field represents a "fundamental pillar" for building a "sustainable" sector to achieve shared economic growth, calling for continued coordination among Arab countries concerned with mineral resources to maximize the potential of available resources. During the session, attendees discussed the governments' role in providing an attractive and stable investment environment through clear regulations and guaranteed property rights, aimed at attracting capital and companies specializing in exploration and development. Hisham Zyoud, Director of the ministry's Mining Directorate, took part in a sub-panel discussion, titled "Beyond Gold: Base Metals and Critical Minerals in the Arabian-Nubian Shield," which discussed ways to transform the ANS's historically known gold-rich deposits into a major source of base metals and critical minerals that support the growing global demand for raw materials necessary for industrial and technological transformation. Participants stated the shield, which extends across Egypt, Sudan, Eritrea, Ethiopia, Saudi Arabia, and Jordan, is one of the oldest and richest geological regions in the world. The forum, which is a key platform for exchanging expertise and reviewing investment opportunities in the mining sector in the Arab region, reflects interest of the region's countries in developing their natural resources and enhancing their role in global mineral markets.
Time of India
15-07-2025
- Business
- Time of India
Saudi Arabia Industrial Jobs: Saudi Arabia creates 4,700 jobs through industrial expansion, ETHRWorldEMEA
Advt By , Agencies Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Saudi Arabia's industrial sector continues to gain momentum, with more than 4,700 jobs created in May 2025 alone, driven by the issuance of 155 new industrial licenses and the launch of operations at 122 factories. According to the Ministry of Industry and Mineral Resources , the newly licensed projects are expected to create 2,450 job opportunities, while factories that began production last month generated 2,329 combined investments tied to these developments exceeded SR4.18 billion—SR3.25 billion for new licenses and SR930 million for operational factories, marking a strong month for industrial job generation and capital figures reflect the impact of Saudi Arabia's broader push to expand its industrial base under the National Industrial Development and Logistics Program (NIDLP). The initiative targets growth in four strategic sectors—industry, mining, energy, and logistics, to position the Kingdom as a global industrial and logistics such as the 'Made in Saudi' campaign and a suite of government-backed incentives continue to attract both local and foreign industrial investments , reinforcing economic diversification and job creation goals under Vision 2030. As more factories transition from licensing to production phases, the Kingdom's workforce stands to benefit from a steady pipeline of employment opportunities across regions.
Saudi Gazette
14-07-2025
- Business
- Saudi Gazette
Saudi Arabia issues 155 new industrial licenses in May
Saudi Gazette report RIYADH — Saudi Arabia issued 155 new industrial licenses in May 2025, while 122 factories began actual production during the same month, according to the latest monthly report by the National Industrial and Mining Information Center under the Ministry of Industry and Mineral Resources. The report, which tracks key monthly indicators in the sector, revealed that the total investment tied to the new licenses exceeded SR3.25 billion. These upcoming industrial projects are expected to generate 2,450 job opportunities across various regions of the Kingdom. Meanwhile, the value of investments in factories that commenced production in May reached SR930 million, with 2,329 new jobs created. The data underscores the continued expansion of Saudi Arabia's industrial base and the accelerating pace of factories moving into operational phases. The Kingdom has rolled out several initiatives to boost the industrial sector, notably the National Industrial Development and Logistics Program (NIDLP), aimed at transforming Saudi Arabia into a global industrial powerhouse and logistics hub by focusing on four core sectors: industry, mining, energy, and logistics. Saudi Arabia has also launched the 'Made in Saudi' initiative to encourage both local and international consumers to buy domestically produced goods and to enhance awareness of the high quality of national products. Additionally, the government is promoting industrial investment by offering a range of incentives and facilitations to both local and foreign investors, with the goal of increasing capital inflows and diversifying the industrial landscape.
