Saudi Arabia Highlights Mining Vision And Investment Opportunities At PERUMIN 37 In Peru

Saudi Arabia's Ministry of Industry and Mineral Resources, alongside senior figures from the Saudi Geological Survey (SGS) and ESNAD, took part in PERUMIN 37. This biennial mining convention is among the most significant worldwide. The delegation underscored Saudi Arabia's expanding influence in global mining and sustainable resource development. They also promoted the Future Minerals Forum set for January in Riyadh.

Deputy Minister Abdulrahman AlBelushi highlighted the shared commitment between Saudi Arabia and Peru to using mining as an economic growth driver. He stated, "Our participation at PERUMIN 37 reflects our belief in collaboration and knowledge-sharing to strengthen global mineral supply chains while supporting global electrification and digitalization goals." This aligns with Saudi Arabia's Vision 2030, where mining is a key industrial pillar.

Saudi Arabia is implementing investor-friendly policies to unlock its $2.5 trillion untapped mineral resources. These include transparent exploration licensing rounds and the Exploration Enablement Program, which offers $182 million to support early-stage mineral exploration investments. The Kingdom also provides competitive incentives like 100% foreign ownership and co-funding for capital expenditures through the Saudi Industrial Development Fund (SIDF).

Strategic Partnerships

The delegation expressed interest in strategic partnerships with Latin American countries, including Peru, a major producer of copper, silver, and zinc. Discussions covered collaboration on exploration technology, mining expertise, addressing artisanal mining challenges, and joint investments to bolster global supply chains.

Saudi Arabia has world-class infrastructure, including mine-to-market facilities, to support its mineral potential. The National Geological Database (NGD) offers investors over 80 years of geological data. Additionally, one of the largest regional survey programs aims to enhance geological knowledge of the Arabian Shield.

Engagement with Global Companies

The Saudi delegation held bilateral meetings with key Peruvian and international companies involved in exploration, mining, and services. These discussions explored potential collaborations and promoted investment opportunities within Saudi Arabia's mining sector.

A dedicated session titled "Unlocking Saudi Arabia's Mineral Potential: The world's next global mining and mineral processing hub" was part of their presentation at PERUMIN 37. This session highlighted investment incentives available in Saudi Arabia's mining sector.

Saudi Arabia is positioning itself as a leader in global mining by fostering partnerships and implementing supportive policies. These efforts aim to strengthen supply chain resilience while promoting sustainable resource development on a global scale.

With inputs from SPA