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Al-Industrial qualifiers for mineral zones
The Ministry of Industry and Mineral Resources announced that 24 companies and alliances have qualified to compete for exploration licenses in three mineralized belts across the Kingdom. These areas cover up to 13,000 square kilometers and are located in regions such as Medina, Mecca, Riyadh, Qassim, and Hail. This step is part of the Ministry’s efforts to strengthen the mining sector, stimulate investments, and exploit mineral resources, which are estimated to be worth approximately 9.4 trillion riyals. In this phase, both local and international companies are competing, with transparent mechanisms in place to ensure equal opportunities and to conduct multiple rounds of competition for the mining sites.
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