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الحقيقة الدولية
New law seeks to boost resource sector
The Cabinet has approved an amended draft law for the Natural Resources Law of 2026, aimed at attracting investments in the mining and petroleum sectors, in alignment with the objectives of the Economic Modernization Vision. The law includes amendments to enhance the investment environment by providing guarantees to investors, streamlining land allocation procedures, and expanding financial exemptions. It also defines the roles of the Ministry of Energy and Mineral Resources and the Energy and Minerals Regulatory Commission, and oversees the establishment of an Exploration and Community Development Support Fund to encourage mining and petroleum projects, improve infrastructure, and create employment opportunities.
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