SPA — Saudi Arabia presented its mining vision and expanding investment opportunities at the PERUMIN 37 conference, one of the world’s premier mining events. The Saudi delegation featured representatives from the Ministry of Industry and Mineral Resources, the Saudi Geological Survey, and the Saudi Mining Services Company (Esnad). This reflects the Kingdom’s ambition to emerge as a global mining hub.
Saudi Arabia’s Mining Vision and Global Role
The delegation underscored the Kingdom’s role in shaping the future of mining and promoting the sustainable development of mineral resources. Saudi Arabia used the platform to advance its Vision 2030 agenda, positioning mining as a core driver of economic diversification. The team also promoted the 5th Future Minerals Forum (FMF), which will be held in Riyadh in January 2026.
Abdulrahman Al-Baloushi, Deputy Minister for Mineral Resources Management, highlighted the growing collaboration between Saudi Arabia and Peru. He emphasized that both nations are committed to making mining a catalyst for economic growth and sustainable industrial development.
Mining as the Kingdom’s Third Economic Pillar
Al-Baloushi reaffirmed that mining is being developed as Saudi Arabia’s third economic pillar under Vision 2030. This is supported by estimated mineral wealth exceeding SAR 9.4 trillion. The government is improving investment appeal through transparent licensing processes via the Taadeen digital platform. Additionally, programs such as Exploration Enablement offer up to SAR 7.5 million per project to reduce early-stage exploration risk.
Saudi Arabia’s mining strategy includes 100% foreign ownership rights and financing support through the Saudi Industrial Development Fund (SIDF). Complementary initiatives include the National Geological Database and a regional geological survey of the Arabian Shield. These are designed to expand resource mapping and investor confidence.
Strengthening Global Partnerships
The Saudi delegation held several bilateral meetings with Peruvian and international mining companies to discuss potential joint ventures. They also explored mineral processing partnerships and reinforced global supply chain resilience. Additionally, it hosted a dedicated session titled “Unlocking Saudi Arabia’s Mineral Potential: The Next Global Hub for Mining and Mineral Processing.”
The Kingdom’s participation at PERUMIN 37 underscores its strategy to position itself as a responsible global mining partner. It is integrating sustainability, technology, and international collaboration.
Future Minerals Forum 2026 in Riyadh
The 5th Future Minerals Forum, to be held in Riyadh from January 13–15, 2026, will convene global stakeholders under the theme “Minerals: Meeting the Challenges of a New Era of Development.” The event aims to expand dialogue on the minerals needed for digital and clean energy transitions and reinforce Saudi Arabia’s leadership role in the evolving global mining ecosystem.
THE SAUDI STANDARD’S VIEW: Saudi Mining Vision Strengthens Global Partnerships and Economic Diversification
Saudi Arabia’s participation at PERUMIN 37 marks a decisive step in advancing its Vision 2030 strategy. The aim is to establish mining as the Kingdom’s third economic pillar. By presenting its mining roadmap and investment platforms on the global stage, the Kingdom reinforces its growing stature as a responsible and forward-looking player in the international minerals sector.
• Mining as a Core Pillar of Vision 2030
The Kingdom’s estimated mineral wealth of SAR 9.4 trillion is being strategically leveraged to drive diversification beyond hydrocarbons. Through initiatives such as the Taadeen platform and the Exploration Enablement program, Saudi Arabia demonstrates regulatory clarity and institutional maturity, transforming mining into a globally competitive sector.
• Institutional Reforms Anchoring Investor Confidence
Transparent licensing systems, full foreign ownership rights, and financing through the Saudi Industrial Development Fund (SIDF) reflect the Kingdom’s commitment to building a world-class mining environment. These frameworks ensure local and international investors can confidently engage in Saudi Arabia’s rapidly modernizing resource economy.
• Global Engagement and Strategic Partnerships
Saudi Arabia’s active participation at PERUMIN 37, along with bilateral meetings and dedicated sessions, highlights its global collaboration strategy. The Kingdom is cultivating partnerships by deepening ties with Peru and other mining economies. This enhances supply chain resilience and knowledge exchange across continents.
• Positioning the Kingdom as a Global Mining Hub
Promoting the 5th Future Minerals Forum (FMF 2026) in Riyadh underscores Saudi Arabia’s convening power in shaping the global minerals agenda. The event will further solidify the Kingdom’s role as a central hub for dialogue on sustainable mining, mineral processing, and clean energy transitions.
Saudi Arabia’s mining vision is not merely about resource extraction—it reflects an integrated approach to economic transformation, sustainability, and global collaboration. By aligning investment, policy, and innovation, the Kingdom continues demonstrating its capacity to lead the next phase of responsible global mineral development under Vision 2030.
