Latest news with #BestPracticesMineralPotentialIndex
Leaders
2 hours ago
- Business
- Leaders
Saudi Arabia Rises to 23rd Globally on Fraser Institute's Investment Attractiveness Index
Saudi Arabia's mining sector has achieved a significant milestone, climbing from 104th place in 2013 to 23rd in 2024 on the Investment Attractiveness Index in the Fraser Institute's 2024 Annual Survey of Mining Companies. This rise places the Kingdom ahead of notable mining destinations in Asia and Latin America, cementing its status as one of the fastest-rising powers in the global mining industry. The Kingdom advanced from 82nd place in 2013 to 20th in 2024 on the Policy Perception Index , signaling growing international confidence in its regulatory stability. Similarly, the Best Practices Mineral Potential Index surged from 58th in 2013 to 24th in 2024, highlighting Saudi Arabia's vast untapped mineral wealth—boosted by large-scale geological surveys, new mineral discoveries, and highly attended mining licensing rounds. Vision 2030 Driving Transformation 'This outstanding performance reflects the structural transformation and holistic efforts being driven across the mining and mineral sector under Vision 2030,' said Eng. Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs. In recent years, Saudi Arabia has created a globally competitive investment climate, backed by: Clear mining regulations Accessible geological data, including one of the most extensive Arabian Shield surveys Attractive investment incentives Advanced infrastructure Mining, Economic Growth Engine 'Our focus remains on maximizing the economic value of our mineral resources, creating jobs for citizens, and localizing supply chains,' Al-Mudaifer added. 'Mining is no longer a traditional sector—it is now a key driver of industrial and economic growth, and we are committed to sustainable, long-term success.' The Fraser Institute credited Saudi Arabia's rise to broad reforms covering security of tenure, taxation, environmental legislation, infrastructure, and community engagement. For the first time, the Kingdom entered the top quartile of the index, with investors expressing zero concerns over political stability—one of its strongest advantages. The Mining Exploration Enablement Program was also recognized as a valuable tool for reducing investment risks and improving early-stage project confidence. Exceptional Improvements in Key Indicators (2013–2024) Clarity & Effectiveness of Mining Administration: Up 305.8% from 17% to 69% — 11th globally Clarity of Land Use for Mining: Up 82.2% from 45% to 82% — 7th globally Labor Regulations: Up 102.2% from 45% to 91% Quality of Geological Databases: Up 81.8% from 33% to 60% Vision 2030 Goals The report praised Saudi Arabia's stable regulatory framework and ambitious sector reforms, which have boosted global investor confidence and reinforced its standing as a world-class mining investment hub. This progress aligns directly with Vision 2030's objective of diversifying the economy and advancing strategic sectors. The Fraser Institute's Annual Survey of Mining Companies is regarded as one of the most trusted global benchmarks for evaluating mining investment climates, used by investors, policymakers, and financial institutions worldwide. Related Topics: Saudi Industry Minister Embarks on Official Visit to Spain Alkhorayef Boosts Industrial, Mining Cooperation with Spanish Ministers Alkhorayef Embarks on Bold Visit to US, Boosts Industrial, Mining investments Short link : Post Views: 19
Saudi Gazette
5 hours ago
- Business
- Saudi Gazette
Saudi Arabia's ranking on Mining Investment Attractiveness Index jumps to 23rd from 104th globally
Saudi Gazette report RIYADH — Saudi Arabia's mining sector has achieved a major global milestone, jumping its ranking from 104th in 2013 to 23rd in 2024 on the Investment Attractiveness Index. Saudi Arabia surpassed major mining destinations in Asia and Latin America in the index, prepared by Fraser Institute in its 2024 Annual Survey of Mining Companies. This achievement solidifies Saudi Arabia's position as one of the world's fastest-rising powers in the mining sector. According to the report, Saudi Arabia made remarkable progress in the Policy Perception Index, rising from 82nd globally in 2013 to 20th in 2024, reflecting growing international confidence in its stable regulatory environment. The Best Practices Mineral Potential Index saw an unprecedented leap, moving from 58th in 2013 to 24th in 2024, underscoring the scale of the Kingdom's vast and untapped mineral wealth, supported by ongoing geological surveys, discoveries, and widely attended mining licensing rounds. Commending the remarkable achievement, Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer said: "This outstanding performance reflects the structural transformation and holistic efforts being driven across the mining and mineral sector under Vision 2030." Over the past few years, Saudi Arabia has built a globally competitive investment environment, underpinned by clear regulations, accessible geological data, including one of the most extensive geological surveys of the Arabian Shield, competitive incentives, and world-class infrastructure. "Our focus remains on maximizing the economic value of our mineral resources, creating jobs for citizens, and localizing supply chains. Mining is no longer a traditional sector; rather, it has become a key driver of industrial and economic growth, and we are committed to building on this momentum to ensure sustainable success," he said. The Fraser Institute noted that Saudi Arabia's success was driven by broad regulatory transformations covering security of tenure, taxation, environmental legislation, infrastructure, and community engagement. These efforts enabled Saudi Arabia to enter the top quartile of the index for the first time. The report also highlighted that investors expressed no concerns regarding political stability—one of the Kingdom's key strengths—and praised the Mining Exploration Enablement Program as an effective tool for reducing investment risks and increasing confidence in early-stage projects. According to the report's data, the Kingdom has achieved exceptional improvements in key indicators between 2013 and 2024, including 305.8 percent improvement in the clarity and effectiveness of mining administration, from 17 percent in 2013 to 69 percent in 2024, ranking 11th globally; 82.2 percent improvement in clarity of land use for mining activities, from 45 percent in 2013 to 82 percent in 2024, ranking 7th globally; 102.2 percent improvement in labor regulations, from 45 percent in 2013 to 91 percent in 2024; and 81.8 percent improvement in the quality of geological databases, from 33 percent in 2013 to 60 percent in 2024. The report praised the Kingdom's stable regulatory environment and ambitious reforms, which have strengthened international investor confidence and solidified Saudi Arabia's status as a world-class mining investment destination—fully aligned with Vision 2030's goal of diversifying the economy and developing strategic sectors. The Fraser Institute's Annual Survey of Mining Companies is one of the world's most trusted benchmarks for evaluating mining investment environments and is widely used by investors, governments, and financial institutions worldwide.
Morocco World
01-08-2025
- Business
- Morocco World
Morocco Ranks Top Mining Investment Destination in Africa
Rabat – Morocco continues to attract strong interest from global mining investors, earning a solid position in the latest Annual Survey of Mining Companies by Canada's Fraser Institute. According to the recently released 2024 report , Morocco ranked 18th out of 82 jurisdictions worldwide in terms of overall investment attractiveness. This ranking combines both the country's mineral potential and the impact of government policies on mining exploration and development. Morocco surpassed countries like Botswana (20th), Zambia (28th), and Namibia (30th). 'Morocco's Policy Perception Index score decreased by 15.69 points this year compared to last, placing it 28th (of 82) in 2024 after ranking 12th (of 86) in 2023 on policy,' reads the report. This index acts like a 'report card' on how welcoming a country's policies are for mining investment. It looks at issues like regulations, taxes, infrastructure, political stability, and access to skilled labor. Morocco also ranked 14th out of 58 jurisdictions in the Best Practices Mineral Potential Index, which measures the attractiveness of a country's geology assuming ideal government policies. The country ranked 27th in 2023 and 16th in 2022 on the overall investment index. This means it has shown consistent performance and investor confidence in its mining sector. The latest survey, conducted between August and December 2024, collected responses from 350 mining executives and managers worldwide. Together, their companies reported spending over $6 billion on exploration activities in 2024. The Fraser Institute noted that jurisdictions with both strong geology and clear, stable mining policies tend to attract more investment. Morocco's combination of rich mineral resources and relatively favorable policies places it among the most attractive destinations for mining investment, not just in Africa, but globally. Tags: AfricaMiningMoroccoRanking
