The National Minerals Program, recently approved by the Cabinet, marks a key milestone in Saudi Arabia’s efforts to strengthen its position in the global mining sector and adapt to economic shifts that have elevated minerals to a critical role in modern industries.
Overseen by the Ministry of Industry and Mineral Resources, the program aims to build an integrated framework that addresses supply chain gaps while unifying governance and coordination among relevant entities. Its objectives include ensuring the long-term availability of mineral raw materials, mitigating risks linked to overseas mining investments, improving the efficiency and quality of current and future supply chains, and securing the Kingdom’s strategic mineral requirements.
The initiative comes in response to accelerating global developments that have strained supply chains—ranging from the COVID-19 pandemic to ongoing geopolitical tensions—placing critical minerals at the center of industrial priorities worldwide. Access to these resources has become essential for sustaining clean energy, digital transformation, and artificial intelligence industries.
Saudi Arabia brings strong competitive advantages to this effort, including largely untapped mineral resources estimated at SAR 9.3 trillion. In parallel, the Kingdom’s goal to generate 50 percent of its electricity from renewable energy by 2030 is set to further enhance the competitiveness and sustainability of domestic mineral processing investments.
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