RIYADH: Saudi Arabia’s Ministry of Investment, in cooperation with the Kingdom’s pavilion at Expo 2020 Dubai, will organize a forum to introduce investment opportunities in promising sectors.
The “Invest in Saudi Arabia Forum,” which will be held on Monday, will promote opportunities in the Kingdom in a number of fields, including education, culture, tourism, sports, entertainment, communications and information technology.
Representatives from several government agencies will also participate in the forum, including the ministries of culture, education, human resources, and sport, the Digital Government Authority, the General Entertainment Authority, the Royal Commission for AlUla.
The Royal Commission for Riyadh, the National Center for Academic Accreditation and Assessment, King Abdullah University of Science and Technology, the Public Investment Fund, and the Human Resources Fund, as well as a number of Saudi pioneering companies, will also be in attendance.
The forum will feature presentations and discussions to highlight investment opportunities, and a workshop to explore the investor’s journey and the services and incentives provided to investors.
The forum aims to build bridges of communication with investors and strategic partnerships to increase local and foreign investment, raise awareness of structural reforms in the Kingdom, and introduce the role of the national investment strategy in promoting local and foreign investments.
Ministry of Investment to launch ‘Invest in Saudi Arabia Forum’ at Expo 2020 Dubai
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Ministry of Investment to launch ‘Invest in Saudi Arabia Forum’ at Expo 2020 Dubai
- Representatives from several government agencies will also participate in the forum
Saudi Arabia opens 3rd round of Exploration Empowerment Program
RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, has opened applications for the third round of the Exploration Empowerment Program, part of ongoing efforts to accelerate mineral exploration in the Kingdom, reduce early-stage investment risks, and attract high-quality investment from local and international mining companies.
The third round of the Exploration Empowerment Program offers a comprehensive support package targeting exploration companies and mineral prospecting license holders.
The initiative aims to lower investment risks for projects and support a faster transition from prospecting to development.
"The program provides coverage of up to 70 percent of the total salaries of Saudi technical staff, such as geologists, during the first two years, increasing to 100 percent thereafter, in line with program requirements.
This support aims to develop talent, build national capabilities in mineral exploration, promote job localization, and facilitate the transfer of geological knowledge.
The application for the third round opened on Jan. 14, allowing participants to benefit from the Kingdom’s attractive investment environment, its stable legal framework, and streamlined regulatory structures, as well as integrated infrastructure that supports the transition from mineral resources to operational mines.
The ministry has set the timeline for the third round, with the application period running from Jan. 14 to March 31.
This will be followed by the evaluation, approval, and signing of agreements from April 1 to May 31, with the eligible projects set to be announced between June 1 and July 31 of the same year.
The program stages include submitting exploration data during the reimbursement and payment phase from Sept. 1 to Nov. 30, followed by technical and financial verification of work programs and approval of the disbursement of support funds in January 2027.
The exploration data will then be published on the National Geological Database in April 2027.
The ministry emphasized that the EEP focuses on supporting the exploration of strategically important minerals with national priority. It also contributes to enhancing geological knowledge by providing up-to-date data that meets international standards, helping investors make informed decisions and supporting the growth of national companies and local supply chains.
The ministry urged companies to apply early to benefit from the program’s third round, which coincided with the fifth edition of the International Mining Conference, which was held from Jan. 13 to 15.
