Saudi Arabia Allocates 3 Mining Complexes in Eastern and Madinah Regions
According to ministry spokesperson Jarrah Al-Jarrah, developing these mining complexes will help regulate the building materials quarry sector, strengthen governance in mining, and increase investor confidence.
The initiative is expected to attract further investments while ensuring sustainability by focusing on environmental protection, occupational health and safety, and community participation in the sector's growth under the Mining Investment Law.
Al-Jarrah added that the allocated sites include a location southeast of Madinah, covering 108.25 square kilometers, a site in the Eastern Province south of Khafji, spanning 4.84 square kilometers, and another site southwest of Khafji, covering 4.28 square kilometers.
By allocating these sites, the ministry aims to stimulate local economic development by creating job opportunities for residents in nearby areas, increasing local procurement, and fostering effective community engagement.
The initiative also emphasizes adherence to environmental regulations, ensuring responsible mining practices, and implementing rehabilitation and closure plans for mining sites.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Leaders
2 hours ago
- Leaders
Applications Open for 2nd Batch of Standard Incentives for Industrial Sector
The Ministry of Industry and Mineral Resources and the Ministry of Investment have opened applications for the second batch of Standard Incentives for the Industrial Sector. Qualified projects can receive up to 35% of their initial investment, with a maximum of SAR 50 million per project. Support will be distributed equally across construction and production phases, ensuring financial and operational stability for up to seven years. Government Commitment This initiative reflects the government's ongoing commitment to building a strong industrial ecosystem and supporting the domestic production of goods not currently manufactured in the Kingdom. Following its announcement at the Saudi Industry Forum 2025 in June, the program is now open to investors. It aims to attract new industrial investments and strengthen the global competitiveness of Saudi-made products. Investment Opportunities A notable feature of this batch is the promotion of more than 140 investment opportunities across priority sectors outlined in the National Industrial Strategy. These opportunities focus on fostering innovative, high-quality projects that support sustainable growth. Details are available at: Opportunities PDF. Strategic Alignment The Standard Incentives program aligns with the National Industrial Strategy and the National Investment Strategy, advancing priority industrial sectors and creating new avenues for high-value investments. Applications for the second batch will remain open until mid-November. Domestic and international investors can apply through the official Senaei platform. More information on the investor journey in Saudi Arabia is available at Invest Saudi. Related Topics Neom Invests $100 Mln in Self-Driving Vehicles Saudi Arabia Gearing Up to produce 10,000 vehicles in 2023 Saudi Aramco plans to manufacture hydrogen-powered vehicles Short link : Post Views: 170 Related Stories
Arab News
8 hours ago
- Arab News
PIF launches ‘azm' program to equip Saudis for labor market needs
JEDDAH: Saudi Arabia's Public Investment Fund launched a strategic program designed to build skills, address labor market needs, and support economic diversification to boost national talent. The 'azm' workforce development program was unveiled at a signing ceremony attended by Education Minister Yousef Al-Benyan and PIF Governor Yasir Al-Rumayyan, alongside partners from the Technical and Vocational Training Corp., Colleges of Excellence, Human Resources Development Fund, and Roshn Group. The launch underscores PIF's role in advancing Vision 2030, Saudi Arabia's plan to transition to a knowledge-based economy and reduce reliance on oil revenues. PIF held a signing ceremony with several partners to officially launch 'azm' program, unveiling specialized training programs to recruit and equip young Saudi talent with the tools to meet emerging industry demands and build a stronger economy from the ground up. @tvtcweb… — Public Investment Fund (@PIF_en) August 19, 2025 In a post on its official X account, PIF said it launched 'the 'azm' program to empower national talents and equip them with the expertise and skills required by the labor market, thereby contributing to building a stronger and more diverse national economy, through a signing ceremony that included the program's partners.' According to the sovereign wealth fund, azm aims to create a pipeline of technically skilled Saudis to meet the needs of PIF's investments, portfolio companies, and ecosystem partners. It focuses on employer-driven skill development, with 80 percent of training based on hands-on, real-world applications. Under the program, PIF signed memoranda of understanding with TVTC and the Colleges of Excellence to manage and deliver training. The agreements cover curriculum development, contracting with local and international providers, overseeing registration and evaluation, and operating training facilities. In the presence of HE Yousef Al-Benyan, Minister of Education, and HE Yasir Al-Rumayyan, Governor of #PIF, #ROSHNGROUP announces its Strategic Partnership of PIF's #azmprogram, marking an important step toward achieving the goals of #SaudiVision2030, focused on promoting local… — ROSHN Group | مجموعة روشن (@Roshnksa) August 19, 2025 'Future cooperation between Colleges of Excellence and the fund includes launching an academic entity under the azm program to serve as a specialized training body in developing technical and professional skills for Saudi youth,' the Colleges of Excellence posted on its X account. The fund said azm will offer tailored training at competitive costs, apply rigorous learner selection, and provide financial incentives to cover tuition. Employers partnering with the program will gain access to a job-ready Saudi workforce trained to their specifications. PIF said azm leverages its existing experience in delivering training across portfolio companies and taps into a broad network of local and international providers. It also benefits from strong ties with accreditation bodies and access to government funding mechanisms for workforce development.
Argaam
8 hours ago
- Argaam
Al-Kharj plant lifts APICO production capacity by 25%: CEO
Kunhair Kandy, CEO of Nomu-listed Arabian Plastic Industrial Co. (APICO), said that the company's third plant, recently inaugurated in Al-Kharj, significantly contributed to expanding its production capacity. In an interview with Argaam on the company's H1 2025 results, Kandy said the facility enabled APICO to raise its total production capacity by 25% year on year (YoY), allowing it to respond more flexibly to growing market demand. He added that APICO has continued to improve operational efficiency through automation, higher quality standards, and cost reductions, supporting stronger profitability. Kandy said the solid performance reflects the company's strategic shift from a traditional packaging supplier to a fully integrated solutions provider, enhancing value for clients and opening new growth opportunities. He noted that moving toward a comprehensive partnership model in packaging solutions has helped APICO maintain healthy margins, supported by the launch of innovative products such as smart orders, dynamic barcode and QR code printing technologies, and custom automation solutions for the industrial sector. As part of its geographic expansion strategy, APICO extended its regional presence to include Jordan, Iraq, Yemen, and Bahrain, where sales reached SAR 4.92 million in H1 2025, up from SAR 1.17 million during the same period in 2023. This step underscores the company's ambition to export its innovative products and solutions to new markets. When asked about expectations for the second half of the year, Kandy expressed confidence in continued positive performance for H2 2025. APICO, which specializes in manufacturing plastic-based containers and boxes, reported a 100% increase in net profit for H1 2025, reaching SAR 10.6 million, compared to SAR 5.3 million in the year-earlier period, Argaam data showed.
