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Saudi Arabia’s Mining Sector Takes Center Stage

Jan 21

2 min read



Saudi Arabia has unveiled the Exploration Enablement Program (EEP) to elevate its mining industry and attract significant investments. By partnering with local and international companies, the program aims to strengthen the country’s position as a global mining hub.

The first phase has already begun, with Royal Road, Ajlan and Bros Holding, EV Metals Group, Ma’aden, Gold and Minerals Co., and Al-Masane Al-Kobra Mining Co. (AMAK) selected for support. These companies represent the backbone of Saudi Arabia’s vision for a thriving mining sector.



A Program Designed for Success


Launched during the Future Minerals Forum in January 2024, the EEP is a collaborative effort by the Ministry of Industry and Mineral Resources and the Ministry of Investment. This initiative reflects Saudi Arabia’s commitment to enhancing its mining sector’s competitiveness while creating lucrative opportunities for investors.

With 49 applications submitted by companies worldwide, it’s clear the program has captured significant attention. It offers an opportunity to explore untapped resources and a structured pathway to sustainable growth.




Accessing SR685 Million in Government Funding


The Saudi government has earmarked SR685 million ($182.57 million) for the EEP, with funds distributed between 2024 and 2030. This financial backing is designed to encourage exploration, improve technical expertise, and support innovative projects.

Companies looking to secure funding should focus on aligning their goals with Saudi Arabia’s national priorities. Working with experts such as R Consultancy Group can help businesses navigate application processes, connect with key stakeholders, and ensure compliance with local regulations.



Why Saudi Arabia’s Resources Matter


The Kingdom’s land is rich in Class A minerals, including metallic elements, gemstones, and ores that require advanced mining technologies. These untapped reserves offer massive economic potential.

By filling gaps in geoscientific data and improving exploration accuracy, the EEP seeks to unlock these resources and reduce the risks associated with mining investments. The focus is on previously underexplored areas, making this an ideal time for companies to act.



Building Investor Confidence


Saudi Arabia is actively creating an environment where investors can thrive. The EEP prioritizes transparency, access to data, and technical reliability. By making exploration processes more efficient and predictable, the program ensures that businesses can operate with confidence.

The government’s focus on attracting both local and international players makes this a strategic opportunity for businesses ready to explore new markets.





Key Achievements of the EEP


The program’s impact is already visible:


  • Geophysical surveys covering 9,500 sq. km.

  • A drilling depth of 440,000 meters achieved.

  • 57,000 geochemical samples collected.

  • Supported by 54 experts and professionals.


With these initiatives in place, Saudi Arabia is showcasing its potential as a leading mining destination.




The Growing Value of Saudi Arabia’s Mining Sector


The country recently revised its mineral potential estimate to $2.5 trillion, a 90 percent increase from earlier projections. This dramatic growth underscores the vast opportunities awaiting exploration.



How R Consultancy Group Can Help


For businesses interested in entering or expanding in Saudi Arabia’s mining sector, now is the time to act. R Consultancy Group specializes in helping companies navigate the complexities of market entry, from securing government funding to understanding regulatory frameworks.

Contact us today through LinkedIn or visit our website to learn how we can support your ambitions in Saudi Arabia’s mining industry.

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