Latest news with #JarrahAl-Jarrah
Saudi Gazette
21-07-2025
- Business
- Saudi Gazette
Saudi Arabia designates sites for seven new mining complexes
Saudi Gazette report 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 emphasized that establishing these mining complexes enhances governance across the sector, bolsters investor confidence, and prevents unauthorized encroachments on mining noted that the move supports environmental, health, and safety standards, and encourages local community participation in line with Saudi Arabia's Mining Investment 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.
Arab News
08-04-2025
- Business
- Arab News
Saudi Arabia boosts industrial output with 103 new factories
JEDDAH: Saudi Arabia's Ministry of Industry and Mineral Resources has announced the launch of 103 new factories in January, marking a significant milestone for the Kingdom's industrial sector. These factories attracted a total investment of SR900 million ($240 million), generating approximately 1,504 new jobs and underscoring the continued growth of the country's industrial landscape. The announcement, made on April 8, highlights the increasing number of establishments reaching full operational capacity. In January, the ministry also issued 63 new industrial licenses, according to the National Industrial and Mining Information Center, which operates under the ministry. As part of its Vision 2030 initiative, Saudi Arabia is accelerating efforts to diversify its economy, with the industrial and manufacturing sectors playing a key role in reducing the country's reliance on oil. Programs like the National Industrial Development and Logistics Program are central to the Kingdom's strategy, aiming to establish Saudi Arabia as a leading regional hub for advanced manufacturing, with a focus on petrochemicals, mining, and renewable energy. Saudi Arabia is set to transform its industrial landscape with plans to increase the number of factories to 36,000 by 2035, including 4,000 fully automated facilities. This ambitious goal is part of the Kingdom's strategy to foster a dynamic, innovation-driven industrial sector. In January, the country's industrial production index saw a 1.3 percent year-on-year increase, driven by continued growth in manufacturing and waste management, according to the General Authority for Statistics. The index remained stable month-on-month at 103.9, maintaining the same level as in December 2024. The manufacturing sub-index rose by 4 percent annually, supported by a 4.3 percent increase in the production of coke and refined petroleum products, along with a 4.2 percent rise in chemicals and chemical products. The report, which tracks key industrial indicators, showed that investments related to new industrial licenses amounted to SR1.197 billion, with these projects expected to generate over 2,500 new job opportunities across the Kingdom. In 2023, the number of industrial units in Saudi Arabia surged by 10 percent year-on-year, reaching 11,549, according to the Ministry of Industry and Mineral Resources. Jarrah Al-Jarrah, a spokesman for the ministry, also revealed that the new industrial organizations were established with an investment totaling SR1.54 trillion.
Leaders
22-02-2025
- Business
- Leaders
Untapped Wealth: Saudi Northern Borders Region Boasts $1.2tr in Mineral Resources
Saudi Arabia's Northern Borders Region holds mineral resources exceeding $1.2 trillion, reinforcing its role in Vision 2030's economic diversification. The Kingdom aims to transform mining into a national income pillar, reducing oil dependency while attracting global investments. Phosphate Powerhouse Drives Global Agriculture The region hosts vast phosphate reserves, critical for fertilizer production and global food security. Wa'ad Al-Shamal's phosphate projects already rank Saudi Arabia among the world's top producers. High-quality silica sand, coal, dolomite, and limestone deposits further bolster its mining potential. Ministry of Industry and Mineral Resources spokesperson Jarrah Al-Jarrah confirmed five phosphate sites and 29 active licenses, including 15 for construction materials. Minister Bandar Alkhorayef's upcoming visit to the region on Sunday will spotlight progress in industrial projects, emphasizing investor opportunities. His tour aligns with efforts to accelerate sector growth under Vision 2030. Vision 2030: Mining as Economic Catalyst Saudi Arabia prioritizes mining to diversify revenues and create jobs, targeting $64 billion in sector contributions by 2030. Renewable energy integration, such as solar-powered processing plants, ensures sustainable development. These steps aim to position the Kingdom as a global mineral supplier while strengthening local value chains. Collaborations with international firms and streamlined licensing processes aim to boost output and innovation. The Northern Borders Region's infrastructure upgrades and logistics networks will enhance export capacities. With transparency and eco-friendly practices, Saudi Arabia seeks to lead in ethical resource extraction, aligning with global sustainability standards. Short link : Post Views: 37
Gulf Insider
22-02-2025
- Business
- Gulf Insider
Saudi Mining: Northern Borders Region Has $1.2tn Of Mineral Resources
Saudi Arabia's Northern Borders Region boasts an abundance of mineral resources, valued at more than SR4.669tn ($1.2tn). These resources form part of the Kingdom's vast mineral reserves, which are being explored and developed in alignment with Saudi Vision 2030. The initiative aims to establish mining as a key contributor to economic diversification and national income. The region is home to significant phosphate deposits, a critical component in ensuring both local and global food security due to its essential role in agricultural fertiliser production. Phosphate production projects in Wa'ad Al-Shamal City have positioned Saudi Arabia among the world's largest producers and exporters of phosphate. Ministry of Industry and Mineral Resources Spokesperson Jarrah Al-Jarrah said that the Northern Borders Region contains high-quality mineral ores, with a total estimated value of SR4.6tn ($1.2tn). Minerals include: Phosphate Coal Dolomite Limestone Silica sand He also noted that the region includes five phosphate ore reserve sites and 29 active mining licences, comprising 15 licences for construction materials quarries and 14 exploitation licences. Minister of Industry and Mineral Resources Bandar Alkhorayef is scheduled to visit the Northern Borders Region on Sunday to inspect industrial and developmental projects. His visit aligns with the ministry's efforts to stimulate local and international investments in the mining sector and reinforce its role as a key driver of economic diversification, in accordance with Saudi Vision 2030.
Arabian Business
22-02-2025
- Business
- Arabian Business
Saudi mining: Northern Borders region has $1.2tn of mineral resources
Saudi Arabia's Northern Borders Region boasts an abundance of mineral resources, valued at more than SR4.669tn ($1.2tn). These resources form part of the Kingdom's vast mineral reserves, which are being explored and developed in alignment with Saudi Vision 2030. The initiative aims to establish mining as a key contributor to economic diversification and national income. Saudi mining industry The region is home to significant phosphate deposits, a critical component in ensuring both local and global food security due to its essential role in agricultural fertiliser production. Phosphate production projects in Wa'ad Al-Shamal City have positioned Saudi Arabia among the world's largest producers and exporters of phosphate. Ministry of Industry and Mineral Resources Spokesperson Jarrah Al-Jarrah said that the Northern Borders Region contains high-quality mineral ores, with a total estimated value of SR4.6tn ($1.2tn). Minerals include: Phosphate Coal Dolomite Limestone Silica sand He also noted that the region includes five phosphate ore reserve sites and 29 active mining licences, comprising 15 licences for construction materials quarries and 14 exploitation licences. Minister of Industry and Mineral Resources Bandar Alkhorayef is scheduled to visit the Northern Borders Region on Sunday to inspect industrial and developmental projects. His visit aligns with the ministry's efforts to stimulate local and international investments in the mining sector and reinforce its role as a key driver of economic diversification, in accordance with Saudi Vision 2030.
