Saudi Arabia

Saudi Arabia

New mining law

09 Jun 2020

On 9 June 2020, Saudi Arabia’s cabinet approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities. The new law will streamline investor access to capital and boost geological survey and exploration activities to tap into the country’s unused mineral resources.