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Mining License
The Mining Investment License in Saudi Arabia is a crucial gateway for investors looking to explore and develop the Kingdom’s rich natural resources. With vast mineral wealth, including gold, copper, phosphates, and other valuable materials, Saudi Arabia offers lucrative opportunities for mining ventures. This license not only ensures compliance with local regulations but also provides access to government support and incentives aimed at fostering investment in the mining sector. The Kingdom’s commitment to diversifying its economy under Vision 2030 makes the Mining Investment License an attractive option for both local and international investors seeking to capitalize on the growing demand for minerals and sustainable resource development. By obtaining this license, businesses can play a vital role in contributing to the country’s economic growth while benefiting from its favorable investment climate.
Requirements for
Mining License in
Saudi Arabia
Existing Foreign Company
-
The applicant must have a legally established company operating outside Saudi Arabia.
Capital Requirement
-
Minimum capital investment determined by the relevant sector.
Required Documents from parent company
-
Commercial Registration (CR)
-
Financial Statements
-
Articles of Association/Memorandum
Shareholder Information
-
Passport copies and personal details of all shareholders involved in the investment.
Common Activities Under
Mining License in Saudi Arabia
Engineering Surveys
Conducting geological, geochemical, and geophysical surveys
Exploration
Geological surveys, drilling, and sampling to find mineral deposits and assess their viability.
Extraction
Mining to extract minerals like gold, copper, iron ore, and other resources.
Processing
Activities to process mined materials, like crushing, grinding, and refining for the market.
Interesting Facts About
Mining Sector
in Saudi Arabia
Vast Mineral Reserves
- Holds over $1.3 trillion worth of untapped resources, including gold, phosphate, bauxite, copper, and zinc.
Vision 2030 Key Pillar:
- Mining plays a critical role in economic diversification, reducing the Kingdom’s reliance on oil.
New Mining Law (2021)
- Offers tax exemptions and foreign ownership to attract local and global investors.
Major Projects
- Developing large-scale initiatives like Ma’aden Phosphate City and Jabal Sayid Copper Mine.
Increased Foreign Investment
- Attracting global investments with reforms, incentives, and simplified regulations.
Sustainable Practices
- Focus on environmentally friendly mining aligned with global standards.
Global Trade Hub
- Strategic location with advanced infrastructure for mineral exports.
Job Creation
- Generating thousands of jobs, promoting Saudization and workforce localization.
Growing Market Demand
- High demand for phosphate and aluminum makes Saudi Arabia a key global supplier.
Technology-Driven
- Adoption of AI, drones, and automation to optimize mining operations.