Saudi Arabia Minerals and Mining Tenders

Boasting over $1 trillion in mineral resources, Saudi Arabia's mining sector is poised for significant growth. Gold, copper, zinc, phosphates, and uranium are among the valuable minerals found in its vast, largely unexplored landmass.

The Saudi government actively supports the mining industry through procurement initiatives. A key driver of development, these initiatives focus on acquiring minerals, mining equipment, and services to support various projects.

Limestone: For cement production, with an annual demand of 69.5 million metric tons.
Cement: A crucial construction material, with 55.9 million metric tons produced annually.
Gold: Found at the Mahd-AlDahab mine, with historical production exceeding 900,000 ounces.
Mining equipment: Heavy machinery like excavators, loaders, and drills.
Exploration and exploitation services: Geological surveys, feasibility studies, and mining operations.

Ministry of Industry and Mineral Resources (MIM): Oversees the mining sector and issues mining licenses.
Ma'aden: A state-owned mining company responsible for various mining activities.
National Industrial Development and Logistics Program (NIDLP): Supports infrastructure development for the mining sector.

Local companies: Almarai, Al Rajhi Steel, and Saudi Basic Industries Corporation (SABIC) are prominent players.
International companies: Barrick Gold, Rio Tinto, and Glencore are major investors.
With a projected CAGR of 3.33% between 2023 and 2028, the Saudi Arabia minerals and mining market offers immense potential for investors and businesses.

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