Saudi Arabia Mining Sector Report 2025 | Growth, Investments & Opportunities

Saudi Arabia is expanding its mining sector as part of Vision 2030, aiming to make it the third pillar of its economy. With $2.5 trillion in mineral wealth, the sector contributed SAR 64 billion to GDP in 2023 and is projected to reach SAR 97 billion.

Key Highlights:

• Major Minerals: Gold, bauxite, phosphorus, zinc, copper.
• Recent Discovery: 7 million ounces of gold near Mansourah-Massarah mine.
• Investment & Growth:
  • SAR 250 billion in planned investments.
  • 1,379 new industrial licenses and 598 exploration licenses issued.
  • 33 new exploration sites, 30+ foreign licenses planned for 2024.

Government Initiatives:

• Financial Incentives: Up to 75% co-financing, $182 million exploration fund.
• Mining Investment Law to regulate the industry.
• Saudi Geological Survey to map resources.

Challenges:

• Skill shortages and competition with oil & gas for talent.
• Heavy reliance on expatriate workers and need for technological upskilling.
   

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