Saudi Arabia has chosen six mining companies for its Exploration Enablement Program (EEP), aimed at boosting the development and competitiveness of its mining sector. The selected companies include both local and international players: Royal Road, Ajlan and Bros Holding, EV Metals Group, Ma’aden, Gold and Minerals Co., and Al-Masane Al-Kobra Mining Co. (AMAK).
Launched at the Future Minerals Forum in January 2024, the program will provide essential support to these companies as part of the government’s strategy to attract high-quality investments and accelerate exploration activities in the Kingdom. The Saudi government has allocated SR685 million ($182.57 million) for the program between 2024 and 2030, with the goal of enhancing the Kingdom's global competitiveness in the mining sector.
The EEP aims to address gaps in geoscientific knowledge, foster local expertise, and promote the exploration of Class A minerals, including precious stones, metallic minerals, and ores that require advanced processing. With 49 companies applying, the program highlights the growing interest in Saudi Arabia’s mining industry.
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