Saudi Arabia has secured position among world’s top ten mining investment destinations in Fraser Institute’s Annual Survey of Mining Companies 2025. This prestigious global benchmark guides international investors toward promising mining environments worldwide.
The Kingdom’s mining sector climbs 13 positions on the Investment Attractiveness Index within one single year. Furthermore, Saudi Arabia improves its score by 14.3% and becomes the only Asian jurisdiction ranked top ten.
This milestone reflects extraordinary transformation across the Kingdom’s mining sector over recent years. Saudi Arabia rose from 104th place in 2013 to 23rd in 2024, then reached top ten globally. Consequently, the Kingdom now establishes itself as premier global destination for mining investment opportunities.
Strong gains appear across two fundamental sub-indices driving this remarkable international recognition today. The Policy Perception Index jumped from 20th place to 4th globally with 94.99 score. Additionally, the Mineral Potential Index grew from 24th to 16th position with 73.33 score. These results prove Kingdom’s investment competitiveness rests on geological resources and modern regulatory frameworks.
Global Leadership in Key Categories
Saudi Arabia achieved exceptional results across detailed policy criteria throughout the comprehensive survey, as the Kingdom ranked first globally in three critical categories demonstrating regulatory excellence. First place in ‘Uncertainty Concerning Administration & Regulations’ reflects clarity of mining regulations. This remarkable 558% improvement stems from new Mining Investment Law and ESNAD establishment.
Moreover, the Kingdom secured first place in ‘Regulatory Duplication and Inconsistencies’ category successfully. Saudi Arabia also ranked first globally in ‘Taxation Regime’ strengthening investor confidence significantly. Additionally, Kingdom placed second in ‘Uncertainty Concerning Environmental Regulations’ and third in land claims.
These regulatory developments translate directly into measurable investment outcomes across the mining sector. Saudi Arabia issued 61 exploitation licenses worth $11.73 billion in 2025 compared to 21 previously. Active exploration companies increased from six in 2020 to 226 in 2024 dramatically. Meanwhile, active exploration mining licenses reached 1,018 by 2025 showing 104% growth.
Vice Minister Eng. Khalid bin Saleh Al-Mudaifer commented on this outstanding achievement recently. He stated the Kingdom’s top ten entry reflects depth of Vision 2030 reforms implemented. The ministry continues strengthening sector as driver of industrial and economic growth nationally.
Future Investment Opportunities
The ministry recently launched 11th licensing round opening competition for eight mining sites. These locations span Riyadh, Hail, and Aseer regions covering 1,878 km² total area. Leading global companies including Barrick Gold and Zijin Mining show unprecedented international interest.
This advanced ranking reflects Saudi Arabia’s continued success advancing Vision 2030 objectives effectively. Mining becomes third pillar of national industrial base strengthening the Kingdom’s global investment position. The survey evaluated 68 mining jurisdictions worldwide based on 256 executive responses globally.
