Saudi Arabia .. 6 companies have qualified for the first batch of the mining exploration empowerment program 
 

The Ministry of investment and the Ministry of industry and Mineral Resources announce the qualification of 49 applications from 6 companies within the first batch of the mining exploration empowerment program, which covers 4 thousand square kilometers, and the total costs of drilling meters worth up to 179 million riyals, in addition to empowering 54 Saudi employees.

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The Ministry of industry and Mineral Resources and the Ministry of investment announced today that 6 mining companies have qualified within the first qualifying batch to benefit from the "enabling mining exploration"program.

In a joint statement, the two ministries stressed the high turnout of local and international companies to join the program, where 82 applications submitted by 18 companies were evaluated, resulting in the preliminary approval of 49 applications submitted by 6 companies to implement their exploration projects compatible with the objectives of the program and the criteria for participation in it, in preparation for completing the rest of the requirements and procedures necessary for the approval of these projects within the program.

The "enabling mining exploration" program contributes to enabling mining companies eligible to join the program, and enhancing their exploration capabilities within the scope of the mining detection licenses granted to them, as the program covers a total area of 4,000 square kilometers, and the total costs of drilling meters of 179 million Saudi riyals, distributed among diamond, Rotary and other types of drilling, in addition to the costs of 12 million Saudi riyals of Geophysical and geochemical survey, and to enable 54 qualified employees, including 25 experts and 29 Saudi talents.

The two ministries are keen to complete the work in the second installment of the program, which will be announced next January, within the framework of expanding the scope of mining exploration in unexplored areas, focusing on strategic metals such as copper, lithium, nickel, gold, and iron, as part of the kingdom's efforts and endeavors to enhance the investment environment for the mining sector, and provide advanced geological data according to international standards, which contributes to creating new and attractive investment opportunities for leading global companies.