Industry And Investment Ministries Extend Application Deadline For Phase Two Of Exploration Enablement Program

The Ministry of Industry and Mineral Resources, together with the Ministry of Investment, has extended the deadline for Phase Two of the Exploration Enablement Program. Companies now have more time to apply, as the submission period has been lengthened from its original closing date. This extension is designed to give both local and international mining firms additional chances to join the initiative, which aims to speed up the discovery and development of mineral resources throughout Saudi Arabia.

The program's second phase was initiated in January 2025 in collaboration with the Ministry of Investment. Its goal is to mitigate early-stage exploration risks and draw more investment into Saudi Arabia’s mineral sector. During the Fourth Future Minerals Forum, it was announced that 50,000 square kilometers of mineral-rich belts containing gold, copper, and zinc would be offered. This effort highlights Saudi Arabia's commitment to creating a transparent and competitive investment environment in line with Vision 2030.

The Mining Exploration Enablement Program aims to boost exploration activities and enhance the mining sector’s role in the national economy. It seeks to broaden geological exploration, especially in underexplored areas. The program also focuses on developing local talent and capabilities while improving geological knowledge through modern data that meets international standards. This approach supports investors and stakeholders within the mining industry.

To participate in this program, companies must meet specific criteria set by the ministry. These include focusing on Category A strategic minerals like copper, lithium, nickel, gold, and iron as per the Mining Investment Law. Additionally, companies should prioritize unexplored areas, hold a valid exploration license, demonstrate a successful track record in mineral exploration, commit to using local service providers, support domestic business growth, and strengthen local supply chains.

According to a press release from the Ministry of Industry and Mineral Resources, applications will be evaluated between May 1 and a specified date. Following this evaluation phase will be an approval stage where framework agreements are signed. The announcement of selected companies will occur from June 1 until another specified date.

Interested companies can access guidelines and applications through the Taadeen platform at: https://taadeen.sa/en/exploration-enablement-program.

This initiative underscores Saudi Arabia's ongoing efforts to foster a globally competitive investment environment while aligning with Vision 2030 goals.

With inputs from SPA