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Saudi Arabia has reaffirmed its ambition to become a global mining powerhouse, with the Kingdom targeting nearly SAR 92 billion in mining investments between 2025 and 2030, according to Minister of Investment Khalid Al-Falih. The announcement highlights a major leap from approximately SAR 45 billion in capital recorded in 2024, underscoring the rapid transformation of the Kingdom’s mining sector.
Speaking during a high-level dialogue session titled “Time for Bold Action: Creating a Global Mineral Fund to Supercharge Investment” at the Future Minerals Forum 2026 in Riyadh, Al-Falih explained that the National Investment Strategy aims to double foreign direct investment (FDI) in mining while creating an attractive investment climate capable of delivering average internal rates of return (IRR) between 20% and 30%.
The session brought together global industry leaders, including executives from Orion Resource Partners, The Carlyle Group, Integra Capital, Appian Advisory, and Ivanhoe Electric, who discussed challenges facing international mining investments and the urgent need to meet surging global demand for critical and strategic minerals.
Al-Falih emphasized that rising demand for minerals reflects a long-term structural shift, not a temporary market cycle. He stressed the importance of coordinated action between governments, private investors, and global financial institutions to overcome financing barriers and accelerate mining projects across the entire value chain.
To support this vision, the Kingdom has adopted a comprehensive mining development approach, including increasing exploration spending fivefold between 2020 and 2024, reducing project timelines to reach production within eight to ten years, and strengthening integrated infrastructure such as roads, railways, ports, and logistics networks. Saudi Arabia’s globally competitive aluminum and phosphate value chains further enhance its attractiveness as a mining investment destination.
How J K Management Consultancies Supports Mining Investors
J K Management Consultancies plays a vital role in helping local and international investors capitalize on Saudi Arabia’s expanding mining sector. Our services include company formation, investment licensing, regulatory compliance, tax and ZATCA support, market entry advisory, and end-to-end business setup solutions in Saudi Arabia. With deep regulatory expertise and on-ground experience, J K ensures a smooth and compliant investment journey aligned with the Kingdom’s Vision 2030 goals.
