Vision 2030 The mining laid an essential pillar for the national industry

The Deputy Minister of Industry and Mineral Resources for Mining Affairs, Khaled bin Saleh Al -Mudayfar, participated in the work of the Istanbul Natural Resources Summit, as part of a high -level ministerial session entitled “The Transformation of Energy”, headed by Turkish Minister of Energy and Natural Resources Alp Arslan Bayrakdar, with the participation of a number of ministers and deputy ministers from Libya, Somalia, Niger and Hungary.
Al -Mudayfar stressed that the Kingdom’s Vision 2030 represents a comprehensive road map for the economic transformation, and set a third basic pillar for the national industry; What contributed to strengthening the Kingdom’s position as a global center for mining investments, and attracting major international companies to invest in this vital sector.

The renaissance of the mining sector

He explained that the Kingdom has achieved great steps in the renaissance of the mining and metal exploration sector in light of the 2030 vision, and the estimates of the value of mineral wealth increased from (5) trillion riyals to (9.4) trillion riyals, and the sector witnessed an unprecedented expansion of exploration activities with the number of exploration companies from (6) companies in 2020 to (133) companies in 2023, and the total spending on exploration reached 1.33 billion riyals Saudi, reflecting the Kingdom’s commitment to enhancing investments in exploring mineral resources.
He pointed to the most prominent achievements of the Kingdom in the mining sector, which included updating legislative systems and launching leading national programs such as the National Mineral Program and expanding the scope of exploratory activities, improving organizational regulations and supporting the participation of private sector, in a way that enhances attracting quality investments, and reflects the Kingdom’s commitment to cooperation with international partners to develop this strategic sector.

Investment opportunities

On the sidelines of the Istanbul Natural Resources Summit, the Deputy Minister of Industry and Mineral Resources for Mining Affairs held a meeting with the Turkish Minister of Energy and Natural Resources Alp Arslan Bayrakdar, during which ways to enhance bilateral cooperation between the Kingdom and Turkey in the fields of mining, including increasing investments and exchanging technical expertise, were discussed to serve the interests of the two countries, and enhances integration in mining value chains.
The head of the Association of Mines in the Republic of Turkey, Mohamed Yilmaz, met, and discussed the meeting ways to enhance the participation of Turkish companies in the international mining conference organized by the Kingdom, and reviewed the investment opportunities available to Turkish companies in the Saudi mining sector, especially in light of the programs and incentives provided by the Kingdom to local and international investors.

It is noteworthy that the Kingdom hosts the fifth edition of the International Mining Conference in the capital, Riyadh, during the month of January 2026, which is one of the most prominent global platforms in the mining and mineral sector, and aims to enhance international cooperation and review promising investment opportunities, exchange experiences and intensify efforts towards developing supply chains and enhancing sustainability practices, and this platform has become a global center that brings together the relevant ministers, industry leaders and decision makers from different countries of the world.