Saudi Arabia’s mining sector records 138% growth in exploitation licenses 

Saudi Arabia’s mining sector records 138% growth in exploitation licenses 

RIYADH: Saudi Arabia’s mining sector is on an impressive upswing, recording a 138 percent increase in the issuance of exploitation licenses since the implementation of the new Mining Investment Law in 2021. 

The number of permits rose from eight in 2021 to 19 last year as the Saudi Ministry of Industry and Mineral Resources actively works to boost mineral production and investment.   Saudi Arabia’s mining sector records 138% growth in exploitation licenses