Saudi Arabia spotlighted its mining reforms and investment appeal at PERUMIN 37 in Arequipa, Peru, positioning the Kingdom as a future hub for minerals and downstream processing.
A delegation from the Ministry of Industry and Mineral Resources, the Saudi Geological Survey, and the Saudi Mining Services Co. outlined commitments to sustainable resource development, according to the Saudi Press Agency (SPA). The team also promoted the fifth Future Minerals Forum, set for January 2026 in Riyadh.
His Excellency Abdulrahman Al-Belushi, Deputy Minister for Mining Resource Development, said Saudi Arabia and Peru share a focus on mining-led growth, stressing cooperation and knowledge exchange to support mineral supply chains and the global digital and energy transitions, as reported by SPA. He reaffirmed plans to make mining the third pillar of the national economy under Vision 2030.
Mining exports from Saudi Arabia have risen by about 80 percent on the back of higher output in phosphate, iron, aluminum, copper, and gold, according to SPA. Current and planned sector investments are estimated at SR180 billion ($48 billion), based on an August industry report cited by SPA.
His Excellency noted that the Kingdom’s mineral wealth exceeds SR9.4 trillion, supported by policies to improve investor attractiveness, SPA reported. Efforts include integrated “mine-to-market” infrastructure and international partnerships to reinforce supply chain resilience.
New initiatives highlighted at PERUMIN include exploration license rounds on the digital Tadween platform to ensure transparency and equal access, according to SPA. The Mining Exploration Enablement Program offers up to SR7.5 million per project for companies with licenses under five years to reduce early-stage risk, as reported by SPA.
The delegation underscored plans to deepen ties with Latin American partners—especially Peru, a leading producer of copper, silver, and zinc. Meetings with Peruvian and international mining firms focused on exploration technologies, artisanal mining challenges, and joint investments to bolster global supply chains.
In sum, the Kingdom is accelerating its mining strategy with data-driven exploration, investor incentives, and global partnerships—aimed at turning mineral potential into long-term industrial growth, according to SPA.
