Mining License
in Saudi Arabia
Mining Industry in Saudi Arabia
Historical Roots: Mining dates back to ancient times and expanded in the 1930s
Economic Role: Mining is crucial to Saudi Arabia’s economy
Industrial Pillar: Set to grow alongside oil, gas, and petrochemicals
Vision 2030: Key part of economic diversification plans
Exploring Saudi Arabia’s Mining Industry
Abundant Mineral Wealth
Saudi Arabia possesses extensive mineral resources, including gold, copper, zinc, phosphate, bauxite, and iron, offering significant potential for economic growth, particularly in underdeveloped regions.
Government Support
The Saudi government, through entities like the Saudi Arabian Mining Company Ma’aden, is actively involved in advancing the mining sector, aiming to boost its contribution to the GDP from 1% to 10% by 2030.
Industry Investment Opportunities
Saudi Arabia has undertaken economic and legal reforms, including the Vision 2030 initiative, to enhance the business environment, making it more conducive for investment in the mining industry.
Mining Licensing Requirements in Saudi Arabia
For conducting mining activities in Saudi Arabia the investors can apply for this license type.
Required Documents
- Provide a certified copy of the commercial registration for the shareholder partner, authenticated by the Saudi Embassy.
- Submit a copy of the national identity if any partner is a citizen of a GCC country, especially if their data is not registered in the ABSHAR system.
- Furnish financial statements from the foreign company’s previous fiscal year, endorsed by the Saudi Embassy.
Rules and Restrictions
- Ensure that the Saudi shareholder’s percentage aligns with the capital requirements specified for the activity type.
- Holders of premium residency are exempt from providing the aforementioned documents.
- If any partner has previously obtained a license from the Ministry of Investment, this information should be disclosed when completing their details in the electronic application.
- During the electronic application process, input the details of Saudi national identity/premium residence/residence if held by any partner, or the commercial registration data for participating Saudi companies.
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