Saudi Arabia Witnesses Sustained Growth in Mining Licenses as Government Issues 55 New Permits

(MENAFN) The mining sector in Saudi Arabia continues to experience sustained growth, as the government issued 55 new mining licenses in April, marking the third consecutive month of increased permits. This significant rise in licenses, up from 27 in March and 18 in February, highlights the government's commitment to promoting the development of the country's mining industry.

The Saudi Ministry of Industry and Mineral Resources revealed that the April licenses encompassed various mining activities, with 34 permits issued for exploration, 17 for quarrying building materials, three for surplus mineral ores, and one for mining and small mine exploitation. These licenses contribute to the overall goal of boosting the sector's productivity and expanding its contribution to the national economy.

As of April, the total number of licenses issued in the mining sector reached 2,336. Among these, 1,454 permits were granted for quarrying building materials, 634 for scavenging, 180 for mining and small mine exploitation, 36 for reconnaissance activities, and 32 for the surplus of mineral ores. This demonstrates the diverse range of mining activities taking place across the country.

In terms of regional distribution, Riyadh accounted for the highest number of permits, with 573 issued, followed by Makkah with 384, the Eastern Province with 374, and Madinah with 258. Other regions also contributed to the growing mining sector, as Asir issued 213 permits, Tabuk granted 149, Al-Qasim provided 90, Jazan issued 80, and Hail granted 68 permits in April. Additionally, Najran issued 55 permits, Al-Baha granted 39, the Northern Borders provided 27, and Al-Jawf issued 26.

The Ministry of Industry and Mineral Resources has been proactive in seizing opportunities to protect and develop the mining sector, aligning with the goals of Saudi Arabia's Vision 2030 and the National Industry Development and Logistics Program. These initiatives aim to maximize the value of the mining industry, diversify the economy, and create job opportunities for Saudi citizens. By facilitating the issuance of licenses and promoting responsible mining practices, the government is paving the way for a thriving and sustainable mining sector in the Kingdom.



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.