Saudi Arabia well positioned to offer mining investment opportunities: official

28/01/2019 Argaam

 

Saudi Arabia and the National Industrial Development and Logistics Program (NIDLP) are well positioned to offer mining investment opportunities, said Khalid Al-Mudaifer, Deputy Minister of Energy, Industry and Mineral Resources for Mining.

 

Al-Mudaifer pointed out the following factors supporting such opportunities:

 

- Promising geological prospects

- Enhanced data access

- Robust and enabling regulatory environment

- Competitive fiscal terms

- Growing supply chain and logistics

- Access to healthy local and regional markets 

 

“And most importantly, a strong commitment from all layers of the government to build a vibrant Saudi mining sector,” he added during a panel discussion at the NIDLP launch ceremony.

 

NIDLP, which was launched today, aims to develop the national industry and logistics services through 13 programs in line with the Kingdom’s Vision 2030.

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