The Ministry of Industry and Mineral Resources and the Ministry of Investment of Saudi Arabia recently conducted an informative webinar targeting Canadian and Australian companies. The session aimed to highlight the burgeoning investment possibilities within the Saudi mining sector, including the supports and perks available to investors, as well as the sector’s unique competitive edges.
During the webinar, participants delved into the mining exploration potential at the mineral-rich zones of Jabal Sayid and Al-Hajjar, spanning an impressive 4,788 square kilometers, known for their deposits of precious metals such as gold, copper, and zinc.
The event also showcased the exploration permits available in the latest round of mining license competitions, which encompass an area of 1,000 square kilometers. Attendees were briefed on the upcoming rounds of competition set for the remainder of 2024. The Exploration Enablement Program (EEP) was introduced, designed to bolster exploration efforts by equipping investors and exploration entities with essential resources and data.
Key points of discussion also included the attractive investment environment of the Kingdom’s mining sector, the legislative framework and government policies that underpin investment, alongside the promising returns that the sector has historically offered to investors.