Saudi Arabia's mining and metals sector is emerging as one of the most attractive globally in terms of cost, raw materials availability, flexible incentive structure, and access to competitive loans.
Mining and Metals Overview
From providing basic infrastructure to enabling green technologies such as electric vehicles and solar panels, the mining and metals sector plays a crucial role in the development of the global economy. In Saudi Arabia, the demand for metal and mineral products exceeds local supply, signifying great potential for domestic mining operations to take advantage of import substitution. In addition, as the Kingdom experiences an unprecedented journey of economic transformation, the demand from resource-heavy manufacturing sectors, such as industrial machinery, electrical equipment, and automotive, is expected to skyrocket.
As a key pillar of Vision 2030, the mining and metals sector represents one of the most exciting blue-sky opportunities for investors in Saudi Arabia with its huge natural resources endowment, under-supplied local market, an unprecedented effort to boost industrial production, and proximity to export markets in the MENA region.
$75 - BN
GDP contribution by 2035
$1.3 - TRN
mineral resources potential value
minerals identified in the Kingdom
largest importer of mineral products globally
$11.5 - BN
imports by 2035, down from $19 billion
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