\n\tRIYADH: Saudi Arabia showcased its mining reforms and investment opportunities at the PERUMIN 37 Mining Conference in Arequipa, Peru, aiming to position the Kingdom as a global hub for minerals and downstream processing.<\/p>\n
\n\tA delegation comprising representatives from the Ministry of Industry and Mineral Resources, the Saudi Geological Survey, and the Saudi Mining Services Co. highlighted Saudi Arabia\u2019s commitment to sustainable mineral resource development, the Saudi Press Agency reported.<\/p>\n
\n\tThe group also emphasized the upcoming fifth edition of the Future Minerals Forum, scheduled for January 2026 in Riyadh.\u00a0<\/p>\n
\n\tThe Kingdom\u2019s participation comes amid a sharp rise in mining exports, which have surged by about 80 percent due to increased production of key minerals including phosphate, iron, aluminum, copper, and gold. \u00a0<\/p>\n
\n\tAccording to a report in August, current and planned investments in the sector are estimated at SR180 billion ($48 billion), as Saudi Arabia intensifies its strategy to position itself as a global hub for mineral resources. \u00a0<\/p>\n
\n\tThis expansion aligns with broader government efforts to boost exports and attract high-quality foreign investment into downstream processing industries.\u00a0<\/p>\n
\n\tDuring PERUMIN 37, Abdulrahman Al-Belushi, deputy minister for Mining Resource Development, stated that Saudi Arabia and Peru share a strong commitment to leveraging mining as a driver of economic growth. \u00a0<\/p>\n
\n\t\u201cHe explained that Saudi Arabia\u2019s participation in PERUMIN 37 reflects its belief in the importance of cooperation and knowledge exchange to support mineral supply chains, serving the goals of global digital and energy transitions,\u201d the SPA report added.\u00a0<\/p>\n
\n\tAl-Belushi reiterated the Kingdom\u2019s strategic objective of transforming mining into a third pillar of the national economy under Vision 2030. \u00a0<\/p>\n
\n\tHe noted that Saudi Arabia holds mineral resources valued at over SR9.4 trillion and has enacted policies to enhance investment attractiveness.\u00a0<\/p>\n
\n\tThese include the development of integrated infrastructure from mine to market and the pursuit of international partnerships to strengthen global supply chain resilience.\u00a0<\/p>\n
\n\tRecent initiatives presented by the Saudi delegation include the launch of mining exploration license rounds via the digital Tadween\u00a0platform, which ensures transparency and equal opportunity for investors. \u00a0<\/p>\n
\n\tThe ministry has also introduced the Mining Exploration Enablement Program to support companies with valid licenses for less than five years, offering up to SR7.5 million per project to mitigate early-stage investment risk.\u00a0<\/p>\n
\n\t\u201cThe Kingdom also offers competitive incentives through its mining investment regime, including full foreign ownership, in addition to financing provided by the Industrial Development Fund to support mining exploration,\u201d Al-Belushi said, as reported by SPA.\u00a0<\/p>\n
\n\tHe highlighted the National Geological Database, which compiles over 80 years of geological data, alongside a comprehensive regional survey program to deepen knowledge of the Arabian Shield.\u00a0<\/p>\n
\n\tThe Saudi delegation emphasized the Kingdom\u2019s interest in expanding strategic partnerships with Latin American nations, especially Peru \u2014 a leading global producer of copper, silver, and zinc.\u00a0<\/p>\n
\n\tDiscussions between Saudi and Peruvian officials explored collaboration in exploration technologies, artisanal mining challenges, and joint investments to strengthen global supply chains.\u00a0<\/p>\n
\n\tOn the sidelines of the event, the Saudi team held several bilateral meetings with leading Peruvian and international exploration and mining companies to showcase investment opportunities in Saudi Arabia and promote available incentives.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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