Saudi Arabia’s Ministry of Industry and Mineral Resources announced the approval of 21 new mining licenses in April, underscoring its ongoing efforts to strengthen the mining sector and broaden the nation’s economic base in line with Vision 2030, according to data from the National Center for Industrial and Mining Information.
Of these licenses:
- 11 were granted for building materials quarries
- 8 for mineral exploration
- 2 for small mine exploitation
This initiative aims to attract further investment and enhance the utilization of the Kingdom’s mineral wealth.
Additionally, the ministry issued approximately 92 new industrial licenses during the same month, with investments surpassing two billion Saudi Riyals. These new projects are expected to create more than 1,427 jobs across Saudi Arabia, supporting both industrial growth and employment objectives.
April also saw 80 new factories begin operations, representing investments of over 900 million Riyals and generating about 1,401 direct jobs. This reflects a significant expansion in Saudi Arabia’s industrial sector and a favorable climate for new business ventures.
Regular reports from the National Center for Industrial and Mining Information highlight key industrial metrics, including license numbers, new factories, and investment levels. These updates aim to promote transparency, bolster investor confidence, and track the steady growth of the Kingdom’s industrial and mining sectors.
