Saudi Arabia jumps to 23rd ranking globally on Mining Investment Attractiveness Index

The Kingdom of Saudi Arabia's flag

The Saudi mining sector ranked 23rd globally on the Mining Investment Attractiveness Index, according to the Annual Mining Companies Survey Report 2024 issued by the Canada-based Fraser Institute.

 

According to the report, the sector has witnessed an unprecedented global achievement over the past decade, outperforming peers in key destinations in Asia and Latin America, solidifying the Kingdom's position as one of the world's key emerging powers in the mining sector.


The Kingdom has achieved remarkable progress on the Policy Perception Index, rising to 20th place globally in 2024 out of 82 countries surveyed. Meanwhile, the Geological Capabilities Index witnessed an unprecedented leap for the Saudi mining sector, reaching 24th place in 2024, showed the report.

 

The Kingdom also recorded exceptional improvement in several key indices between 2013 and 2024, as shown in the following table:

 

Index

2013

2024

Change (%)

Ranking

Policy Perception Index

--

--

--

20

Geological Capabilities Index

--

--

--

24

Clarity and Effectiveness of the Mining System

17%

69%

305.8%

11

Clarity in Conserving Mining Land

45%

82%

82.2%

7

Evaluation of Labor Regulations

45%

 91%

102.2%

8

Geological Database Quality

33%

60%

81.8%

54

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