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Saudi Arabia Unveils 5,000 sq. km Mining Exploration Initiative for 2025

Saudi Arabia announced plans to offer 5,000 square kilometers of mining exploration opportunities in 2025. This initiative aligns with Vision 2030, aiming to diversify the economy and establish mining as the third pillar of the Kingdom’s industrial economy.

Fastest-Growing Mining Sector Globally

Bandar Alkhorayef, Minister of Industry and Mineral Resources, revealed that Saudi Arabia’s mining sector is the fastest-growing globally. The Kingdom’s mineral potential is estimated at $2.5 trillion, attracting significant investments.

The Exploration Enablement Program, launched in 2024, has already funded six companies. Alkhorayef emphasized that regulatory frameworks and infrastructure development make Saudi Arabia a top-tier destination for mining investments.

Mining Innovation Studio: A Game-Changer

Saudi Arabia launched the Mining Innovation Studio to position Riyadh as a global mining hub. The studio aims to accelerate cutting-edge technologies, fostering innovation in the sector.

The Future Minerals Forum (FMF) has grown significantly, with attendance rising from 3,500 in 2022 to over 20,000 in 2025. Alkhorayef highlighted the forum’s role in addressing global challenges like resource depletion and sustainability.

This year’s FMF will feature a regional leadership roundtable focusing on Africa, Central Asia, and Latin America. The goal is to create a powerful global minerals impact and foster economic prosperity.

Under the theme “The Year of Impact,” FMF 2025 aims to tackle pressing challenges, including the sustainable energy transition and critical mineral shortages. Alkhorayef emphasized the forum’s role in driving transformative change.

Strategic Allocations in Makkah and Asir

Earlier this month, Saudi Arabia allocated five sites for mining complexes in Makkah and Asir. These efforts aim to attract quality investments, enhance transparency, and support local communities.

Saudi Arabia has attracted global mining giants like Barrick, Ivanhoe, and Vedanta. These partnerships underscore the Kingdom’s commitment to becoming a global mining leader.

Alkhorayef envisions Riyadh as the “Silicon Valley of mining.” With initiatives like the Mining Innovation Studio and FMF, Saudi Arabia is poised to lead the global mining industry into a sustainable future.

This move highlights Saudi Arabia’s ambitious plans to transform its mining sector, leveraging innovation, global partnerships, and strategic investments to achieve Vision 2030 goals.

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