Riyadh - Sharikat Mubasher: Saudi Arabia’s Ministry of Industry and Mining Resources announced qualified bidders for the fifth round of exploration licensing across six mining sites.

According to the ministry’s statement, the mining sites are located in Riyadh, Najran, Aseer, and Makkah regions, spanning 1,000 square kilometers.

Qualified bidders include Discovery Arabian Mining Company, Royal Roads Arabia Company, an alliance of Eqleed Group and Indotan Mining Company, along with others.

It is worth mentioning that the Saudi mining sector was recognized as the fastest-growing regulatory and investment-friendly hub globally over the past five years, according to a recent report released by Mining Journal Intelligence MineHutte.

The World Risk Report 2023 revealed that Saudi Arabia ranked the second-highest country in the Permitting Index globally as the Kingdom witnessed a 138% surge in exploitation license issuance since the implementation of the new Mining Investment Law in 2021.