The Invest in Saudi program has included world-class educational institutions such as King Fahd University of Petroleum and Minerals, King Saud University and King Abdulaziz University, among the providers of the mining and minerals sector with highly qualified graduates, especially for suppliers and contractors who wish to enter investment through the mining and minerals sector.
The program revealed that the social and economic transformations taking place in the Kingdom within the framework of Vision 2030 are causing exceptional growth in all promising sectors, which provides investors with tremendous opportunities to grow their businesses and achieve success. The Kingdom seeks to exploit the enormous mineral resources that God has bestowed upon it, as the Kingdom offers access to a mineral stock estimated at 1.3 trillion dollars, and it includes more than 15 commercially investable minerals. 2.1 million km2, which is a major source of base metals and precious metals. Many minerals are available in the Kingdom such as: phosphates, gold, copper, zinc, iron ore, uranium, niobium, silver, feldspar, bauxite, silica and limestone. The Kingdom targets large and growing local and regional markets. Within the framework of achieving the desired goals of Vision 2030, the government is working to provide the necessary support to enable the mining and minerals sector to contribute to its full potential in the national economy. The development of the mining and minerals sector is a priority, and it constitutes the third pillar for industries to diversify economic resources. For the Kingdom, as the Kingdom’s strategic location and proximity to important geographical areas facilitates import and export operations for investors, especially in light of the great demand for Saudi products.
The Kingdom’s extensive experience in industries related to oil, gas and chemicals plays a role in developing a diversified ecosystem that will complement many aspects of the mining industries, and the availability of machinery and equipment from existing companies is a crucial supporter of the sector, as is the case for maintenance service providers.