July 16, 2018 — Saudi Arabia’s Ministry of Energy, Industry, and Mineral Resources has completed the adjusted mining investment system. The system will allow investors and the public sector to benefit from Saudi’s mineral wealth, a critical sector for Saudi Vision 2030. Adjustments include “stimulating private sector investments by intensifying exploration, building a comprehensive database of the Kingdom’s resources, reviewing the licensing procedures for extraction, investing in infrastructure, developing funding methods and establishing centers of excellence.” Saudi Arabia further plans to form strategic international partnerships, raising the competitiveness and productivity of its national companies.
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