“Industry”: The Mining Investment System supports full ownership of foreigners
The Undersecretary of the Ministry Industry and mineral wealth for mining resources management, Abdul Rahman Al Balushi: Saudi Arabia provides competitive incentives through the mining investment system, including allowing complete foreign ownership, in addition to the funding provided by the Industrial Fund to support Minute exploration . "Attribution"At the Perumin 37 conference, which was held in the city of Arikaiba in the Republic of Peru, and is one of the most prominent international conferences in the mining sector. /> He pointed out that Saudi Arabia seeks to turn the mining sector into a third pillar of the national economy according to the targets of Saudi Vision 2030, and to exploit its mineral wealth it possesses and its value is estimated at more than 9.4 trillion riyals." target ="_Blank"> Minute investment , and its development of integrated infrastructure "From the mine to the market"And her keenness to build active international partnerships that enhance the flexibility of global supply chains. "mining" Digital, within accurate criteria that guarantee the highest levels of transparency, equal opportunities between investors, and launch a program "Enabling mining exploration" Which aims to support companies with licenses in valid for less than five years, with a value of up to 7.5 million riyals for one project as a maximum to reduce the risks of early investment. "Perumin 37" It reflects its belief in the importance of cooperation and exchanging knowledge to support the mineral supply chains, to serve the goals of digital and electrical transformation globally. Perovi confirmed the Saudi delegation during its participation; The Kingdom’s interest in expanding strategic partnerships with Latin American countries, led by the Republic of Peru, which is one of the major producers of copper, silver and zinc globally, as the Saudi and Berofi sides discussed the opportunities for cooperation in the areas of exploration technologies, exchanging mining experiences, dealing with craft mining challenges, in addition to joint investment to enhance global supply chains. Saudi Arabia’s delegation is a series of bilateral meetings with pyrufi and international companies leading in the fields of exploration, mining and services, and investment opportunities were reviewed in the Kingdom and the introduction to the incentives it provides. "Launching the metal capabilities of the Kingdom of Saudi Arabia: the next global center for mining and mineral treatment"And that highlighted the recent reforms that make the Kingdom a promising destination on the global mining map. "Minerals .. Facing Challenges for the New Development era"To establish the Kingdom’s position as a global center for dialogue and cooperation on the future of mining and mineral treatment.
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