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The Latest Breaking News from Ministry of Industry and Mineral Resources

Pre-qualification Stage of Licensing for Five Exploration Sites Kicks off in Saudi Arabia

The Saudi Ministry of Industry and Mineral Resources announced on Sunday the launch of the pre-qualification stage for the tender of five metals exploration sites in the Kingdom. This follows the signing of the Ministry and Standard Chartered Bank (SCB) a memorandum of understanding to assess the requirements for sustainable…

Asharq Al-Awsat

Saudi-US Partnership to Build Vertical Farms in MENA Region

The Saudi Public Investment Fund (PIF) announced a joint venture agreement with AeroFarms, a US-based commercial market leader in vertical farming, to establish a company in Riyadh to build and operate indoor vertical farms in Saudi Arabia and the Middle East and North Africa (MENA) region. The agreement seeks to…

Asharq Al-Awsat

60 States Agree to Transform Region into Major Bridge for Int’l Transition to Renewable Energy

More than 60 government ministers and delegations responsible for their countries’ minerals and metals strategies attended on Tuesday the second Ministerial Roundtable hosted by Saudi Arabia's Ministry of Industry and Mineral Resources in the largest-ever meeting of its kind. The ministers agreed that minerals are necessary to build a cleaner…

Asharq Al-Awsat

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Saudi Arabia Aims to Boost National Automotive Industry

The Saudi Ministry of Industry and Mineral Resources signed a memorandum of understanding with Hyundai Motor Company to promote the automotive industry in the Kingdom. The MoU was signed in the presence of the Minister of Industry and Mineral Resources, Bandar al-Khorayef, and the Minister of Economy and Planning, Faisal…

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Saudi Arabia to Transform 4,000 Factories into Advanced, Higher-Quality Industries

The Saudi Ministry of Industry and Mineral Resources and the Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a Memorandum of Understanding (MoU) with OXAGON, home to advanced and clean industries in NEOM, to cooperate in the implementation of the Future Factories Program. The Future Factories Program aims…

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Saudi Arabia Prepares to Host One of Largest Int’l Mining Conferences

Saudi Arabia's Ministry of Industry and Mineral Resources (MIM) has announced preparations for the second Future Minerals Forum (FMF), which will take place from January 10-12, 2023 at the King Abdulaziz International Conference Center in Riyadh. The FMF will gather global mining industry leaders, including governments and business executives from…

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Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

Minister of Industry and Mineral Resources Bandar Al-Khorayef has opened the Saudi Pavilion at the International Mining and Resources Conference (IMARC) held in Sydney, Australia between November 2 and 4 . The pavilion is part of the "Invest Saudi" program with the participation of the Ministry of Industry and Mineral…

Asharq Al-Awsat

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Saudi Arabia to Auction 5 New Mining Licenses for Local, Int’l Investors

Saudi Arabia announced five new mining opportunities for exploration sites across the Kingdom that contain copper, zinc, silver, and lead for local and foreign investors. Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef announced the five new explorations sites: Bir Umq, Ar Ridaniyah, Umm Hadid, Jabal Sahabiyah,…

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Local, Int’l Consortium Wins Exploration License for West Saudi Arabia’s Umm Ad Damar

Saudi Arabia's Ministry of Industry and Mineral Resources announced that a consortium consisting of Saudi Arabian Mining Co.

Asharq Al-Awsat

Saudi Arabia: Cement Decarbonization Paves Way for Carbon Neutrality

The King Abdullah University of Science and Technology (KAUST), in cooperation with the Ministry of Industry and Mineral Resources, organized a workshop entitled: “Cement Decarbonization in Saudi Arabia – Pathways to 2060.” In his opening speech to the workshop, Undersecretary of the Ministry for Mining Development, Musad al-Daoud said the…

Asharq Al-Awsat

Saudi Industry, Construction Sectors Conclude Contracts Worth at Least $2b

Saudi Arabia's industrial and construction sectors are concluding agreements and contracts worth over $2 billion, according to the Ministry of Industry and Mineral Resources. A report issued by the Ministry's National Center for Industrial and Mining Information indicated that the ministry issued 531 industrial licenses from the beginning of this…

Asharq Al-Awsat

Saudi Ministry Launches Investment Opportunity for Detecting Gypsum Ore West of Kingdom

Saudi Arabia’s Ministry of Industry and Mineral Resources has announced the launch of a tender for the exploration of gypsum ore in the Al-Qasab wells in Madinah Al-Munawwarah region, north of Yanbu Governorate over an area of about 0.6 km. Lately, the ministry revealed the 13 qualified bidders in the…

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Foreign Capital Represents 39% of Saudi Industrial Sector Investments

The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the industrial sector in the Kingdom. The ministry also revealed that the total number of existing and under construction factories until the end of last…

Asharq Al-Awsat

Saudi Offers 76 Investment Opportunities in Military, Defense Industries

Saudi Arabia has revealed that it has an estimated 76 investment opportunities in six different areas of defense and military industries. Ayma al-Hazmi, head of the Saudi Local Content and Government Procurement Committee at the Federation of Saudi Chambers, stressed that the General Authority for Military Industries plays important roles…

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Saudi Industrial Activity Witnesses Remarkable Rise

Official data issued by the Saudi authorities revealed a rise in industrial investment in the Kingdom, confirming the successful endeavor to overcome the repercussions of the Covid-19 pandemic. The Ministry of Industry and Mineral Resources announced that 261 industrial facilities started their operations within the Kingdom in March, with an…

Asharq Al-Awsat

Saudi Arabia Announces 8 Contenders for Khnaiguiyah Mines

Eight local and international companies have qualified to compete for a license to detect metals at the al-Khnaiguiyah mining site in Riyadh. The Saudi Ministry of Industry and Mineral Resources announced the list of qualified contenders from the pre-qualification stage for obtaining a metal detection license seeking to transform the…

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Saudi Industry to Build Digital System That Attracts Quality Investments

The Saudi Ministry of Industry and Mineral Resources unveiled an endeavor to build a digital system that would contribute to attracting quality investments in the industrial and mining sectors. This came during the sessions of the 21st annual meeting of the Saudi Economic Association (SEA), which kicked off on Monday,…

Asharq Al-Awsat

Saudi Arabia Says Has $1.3 Trillion Worth of Untapped Mineral Deposits

Saudi Arabia has over 5,300 mining sites, valued at about $1.3 trillion, containing a number of the most abundant minerals, such as gold, silver, copper, zinc, phosphate, bauxite, limestone, and others, according to a report by the Ministry of Industry and Mineral Resources (MIRM). The report stressed that the growth…

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Saudi Minerals Forum Calls for Keeping Pace with Technology in Achieving Sustainable Development

The Arab ministers concerned with mineral resources affairs approved the Arab Industrial Development and Mining Organization (AIDMO) proposal to prepare guidelines for Arab countries to keep pace with global trends and adopt best practices in the industry. The ministers held their eighth consultative meeting on the sidelines of the Future…

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