Saudi Arabia to auction 3 mining licences in 2022 – Riyadh News

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The bidding process will start by the end of the first quarter of 2022, the Saudi Minister of Industry and Mineral Resources, Bandar Al-Khorayef was quoted as saying on the sidelines of an international mining conference in Riyadh.

The Minister also pointed out that Saudi Arabia sought to create laws and regulations that contribute to the growth of the mining sector and attracting investments, Xinhua news agency reported.

Meanwhile, Governor of the Public Investment Fund (PIF), Yasir bin Othman Al-Rumayyan stressed that many of the future industries depend on the mining sector.

He pointed out that the PIF considers mining one of the main strategic sectors with great importance to realise the Saudi Vision 2030 goals.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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