(MENAFN) Mining companies are being invited to bid for 12 licenses for establishing materials quarries in the new Jeddah Crushes Complex in the Makkah Al-Mukarramah area.
The Ministry of Industry and Mineral Resources is proposing five licenses for ore and gravel, as well as seven for backfill materials.
The ministry is prepared to accept applications beginning at the end of the month until the 16th of February, as reported by Al-Eqtisadiah.
Via the declaration, the ministry targets to regulate rivalry measures for acquiring construction material quarries licenses in addition to expand transparency and fairness in proposing mining competitions.
On top of this, the ministry also targets to back financers and promote investment in the mining industry, on top of motivating national sectors and participating to the improvement of local content.
Previously in January, the MIMR started the second edition of the Future Minerals Forum with the target of untapping possible mining prospects from Africa all the way to West and Central Asia.
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