Ma’aden’s achievements reflect commitment to Kingdom’s development

Ma’aden’s achievements reflect commitment to Kingdom’s development

RIYADH — Saudi Arabian Mining Company (Ma’aden), one of the world’s fastest-growing global mining companies, celebrates the fifth anniversary of Saudi Arabia’s Vision 2030. The Kingdom’s mining champion highlights key achievements since the Vision 2030 launch and plans that reflect its commitment to the Kingdom’s social and economic development. The Kingdom has implemented significant incentive programs and announced major reforms in the last five years to accelerate the development of the mining industry as a strategic pillar of the Saudi economy, including the recently launched mining investment law to attract investors and pave the way for the full utilization of Saudi Arabia’s mineral resources, which are estimated to be worth more than $1.3 trillion. This goes in line with the objectives of the National Industrial Development and Logistics Program (NIDLP), one of the most important programs for achieving Vision 2030. Ma’aden has kept its projects across a range of commodities moving on a strong growth trajectory since 2016. The company has expanded its investment portfolio, refinanced key projects, and made its first international acquisition, laying the foundation for future growth and new investment opportunities in the Saudi mining industry. Despite some challenges in 2020 due to COVID-19, Ma’aden managed to