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Saudi Arabia awards exploration licenses for nation’s first mineralized belts...
21 Nov, 2025 09:23 264 min read
Saudi Arabia has granted exploration licenses for its first mineralized belts, Jabal Sayid and Al Hajar, spanning 4,788 sq km and rich in copper, gold, and other minerals. This marks a strategic step under Vision 2030 to move beyond extraction and build integrated domestic value chains. The initiative follows a 90% surge in the estimated value of the Kingdom's mineral resources to $2.5 trillion, driven by new discoveries and a reformed Mining Investment Law that has quadrupled exploration licenses and boosted spending.... More