Saudi Arabia is making a major step forward in mining

Saudi Arabia is undergoing a revolutionary transformation process in the mining sector in line with its 2030 vision. Aiming to reduce its dependence on oil revenues, the country aims to diversify its economy by growing its mining sector. By investing heavily in developing mineral resources, the government aims to make Saudi Arabia a major player in the global mining market.

Growth in the sector has accelerated remarkably in recent years. As of 2024, 133 new mining companies have been established, with a total investment of SAR 75 billion ($20 billion). These investments are concentrated in key projects such as phosphate and iron. In addition, the value of potential unexplored investments is estimated at $100 billion (SAR 380 billion). These opportunities span not only traditional mining, but also everything from battery metals to renewable energy.

Saudi Arabia stands out with its huge mineral reserves. The total value of the country's discovered and confirmed mineral reserves is around SAR 9.375 trillion ($2.5 trillion). Valuable minerals such as phosphate, gold, copper and zinc make up the largest part of these reserves. These resources offer growth opportunities for businesses and, together with the government's supportive policies, boost the potential of the sector.

In addition, Saudi Arabia is also investing in renewable energy. In particular, clean energy sources such as solar and wind power contribute to the country's sustainable development goals. Exploration through the government's National Geological Survey Program (NGS) covers an area of 600,000 square kilometers and has led to the discovery of new mineral reserves.

Saudi Arabia ranks third globally in terms of natural resource reserves. The total value of these reserves is estimated at 34.4 trillion dollars. Investments and sustainable development policies within the framework of Vision 2030 aim to make Saudi Arabia a leading country in the mining sector. There are great opportunities for companies looking to participate in this growing sector, and Saudi Arabia plans to maximize this potential through strategic partnerships.