المملكة: Urgent: From the 104th to 23 position .. Saudi Arabia achieves an unprecedented leap in mining investment
Jump The Saudi Mining Sector from the center (104) to (23) globally in the attractiveness index Secondary investment , according to the annual survey report of the Mining Companies issued by the Canadian Fraser Institute for the year 2024.
Geological survey ongoing and modern discoveries, mining licensing tours that are witnessing a wide turnout from major international companies. "This remarkable performance reflects the structural transformation and integrated efforts witnessed by the mining and mineral sector in the Kingdom within the targets of the Kingdom’s 2030 vision.". "Our focus is still on maximizing the economic value of our mineral resources, providing qualitative job opportunities, and localizing industrial supply chains, especially since the mining sector has become a major engine for industrial and economic growth, and we will continue to build on this momentum to ensure sustainable success for this strategic sector". To increase the level of his competitiveness. "We are currently focused on building the capabilities of national competencies, expanding international partnerships, and upgrading the quality of geological data and easy access to them, in an effort to consolidate the Kingdom’s position as a reliable global center to secure biomers that depend on the future of the world in the fields of industry and energy". Investors did not show any concerns about political stability, which is one of the most prominent elements of the investment environment in the Kingdom, and they praised the program "Enabling mining exploration" An effective tool for reducing investment risks and increasing confidence in early investments. (11) globally, and improved by (82.2%) in evaluating clarity in preserving the lands of mining activities from (45%) in 2013 to (82%) in 2024, which made it ranked (7) globally, in addition to an increase of (102.2%) in evaluating the work regulations from (45%) in 2013 to (91%) in 2024, and improved by a rate (81.8%) In the quality of the geological database from (33%) in 2013 to (60%) in 2024.
the report praised the stable organizational systems and ambitious reforms that strengthened the confidence of international investors, stressing the establishment of the Kingdom’s status as a global, autonomous investment destination, and this reflects the impact of the systematic policies that reduced the risks, and raised The levels of transparency, have improved the efficiency of systems, and have facilitated the access of investors to data and information, in line with the targets of the Kingdom’s 2030 vision in diversifying the economy and developing strategic sectors.
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