Saudi Arabia designates sites for seven new mining complexes
RIYADH — The Ministry of Industry and Mineral Resources has announced the allocation of sites for seven mining complexes across the regions of Riyadh, Makkah, Asir, and Al-Baha, as part of its efforts to enhance transparency.
According to ministry spokesperson Jarrah Al-Jarrah, the designated locations include four in the Riyadh region: the 'Tamir 2' complex in Al-Majma'ah (1.99 sq km), a site in Afif (10.38 sq km), the 'Tayri' complex in Rumah (37.88 sq km), and 'Dawadmi 6' (30.62 sq km).
In the Makkah region, a site was allocated for the East Faydat Al-Musallam complex in Taif, covering 25 sq km.
In Asir, the ministry expanded the Al-Hadbah and Al-Qurain complex in Bisha to reach a total area of 72.78 sq km.
Meanwhile, in Al-Baha, a new complex was designated north of Wadi Al-Hijrah in Al-Hijrah governorate, covering 0.66 sq km.Al-Jarrah emphasized that establishing these mining complexes enhances governance across the sector, bolsters investor confidence, and prevents unauthorized encroachments on mining areas.He noted that the move supports environmental, health, and safety standards, and encourages local community participation in line with Saudi Arabia's Mining Investment Law.The mining complexes are expected to stimulate regional development by creating job opportunities for local residents, increasing local procurement, ensuring environmental compliance, and promoting sustainable development through 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
Saudi Gazette
4 hours ago
- Saudi Gazette
IMF applauds Saudi tourism sector for its impressive growth
Saudi Gazette report RIYADH — The International Monetary Fund (IMF) released the Article IV Consultation Report for Saudi Arabia for 2025 on Thursday, highlighting the strength of the Kingdom's economy. The report noted significant growth in the tourism sector, emphasizing its vital role as a key driver of the national economy. According to the IMF report, international tourism experienced substantial growth, which helped offset some of the outflows from the Kingdom and contributed to reducing the slight deficit in the current account for 2024. This recognition underscores the steady and rapid progress of the tourism sector in establishing itself as a significant economic engine, thereby enhancing the growth of the national economy and supporting the objectives of Saudi Vision 2030. In 2024, the number of tourists arriving in the Kingdom reached a historic high of approximately 30 million, reflecting an eight percent increase compared to 2023. Additionally, international tourist spending reached SR169 billion in 2024, growing by 19 percent compared to 2023, as reported in the annual statistical report on the performance of the tourism sector for 2024.
Saudi Gazette
4 hours ago
- Saudi Gazette
Saudi – Egyptian meeting discusses shared visions for strategic relationship
Saudi Gazette report RIYADH — The first meeting of the General Secretariat of the Saudi-Egyptian Supreme Coordination Council was held in Riyadh on Thursday. The meeting discussed shared visions for the strategic relationship between the two countries and ways to further enhance it. It also reviewed joint action plans to prepare for the next session of the Saudi-Egyptian Supreme Coordination Council, headed by Saudi Crown Prince and Prime Minister Mohammed bin Salman and Egyptian President Abdel Fattah El-Sisi. The meeting was co-chaired by Advisor to the Royal Court and Secretary General of the Saudi-Egyptian Supreme Coordination Council Mohammed Al-Tuwaijri and Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport and Secretary General of the Saudi-Egyptian Supreme Coordination Council Lt. Gen. Kamel Al-Wazir. Addressing the meeting, Al-Tuwaijri and Al-Wazir affirmed their commitment to strengthening bilateral relations to achieve the aspirations of the leadership and people of the two friendly countries and advance relations toward broader horizons, considering the council as the primary platform for framing actions in all fields.
Argaam
4 hours ago
- Argaam
Commerce Ministry seeks public input on implementing regulations of Precious Metals Law
The Ministry of Commerce seeks public feedback on a draft of the implementing regulations for the Precious Metals and Gemstones Law through Istitlaa platform until Sept. 4. In a statement issued today, the ministry stated that the draft aims to align with recent amendments to the law by setting out regulatory provisions governing the trade and manufacturing of precious metals and gemstones, their products, as well as coated, plated, or inlaid items, in line with best practices. Under the regulations, no one may engage in the manufacturing of precious metals and gemstones without first obtaining an industrial license from the Ministry of Industry and Mineral Resources, in accordance with the Unified Industrial Regulatory Law of GCC and its executive regulations, along with any subsequent amendments. This is subject to the conditions and procedures set by the ministry. In addition, the regulations do not allow engaging in the sale of precious metals and gemstones, changing business locations, or ceasing operations without notifying the Ministry of Commerce. However, it allows sales through e-stores and self-service machines. For businesses engaged in repair, cleaning, welding, plating, or polishing of precious metal works, the activity must be included in the entity's commercial registration. The draft bans the sale, display, or possession for sale of any item unless it meets specific requirements, chiefly being stamped with the Kingdom's official hallmark or a registered trademark. Foreign hallmarks indicating the carat of imported precious metal items will be accepted provided they match one of the official standards. Antique items over 100 years old are exempt.
