Saudi FM calls Indian, Pakistani counterparts to discuss developments    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Arabia cracks down on fraudulent Hajj campaigns, urges pilgrims to use official channels    Nammos Amala Resort to open soon with Saudi-Greek designs    Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as ninth-year milestone marked    Literature Commission inaugurates Saudi Pavilion at Muscat Book Fair    Saudi Minister of Culture holds talks with his Costa Rican counterpart in Jeddah    Alkhorayef praises advancements in Al-Kharj food industries sector    MHRSD: 80% of recruitment offices are non-compliant with regulations    At least 50 Palestinians killed in Israeli strikes across Gaza    Teenage girl killed in French school stabbing attack    Trump claims meeting with China after Beijing denies any trade negotiations    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Second licensing round at Umm Ad Damar site for New Zealand investors promoted
Published in The Saudi Gazette on 15 - 06 - 2022

A webinar has been recently hosted to promote the second licensing round at Umm Ad Damar site for investors from New Zealand.
During the webinar, the investors learned about Saudi Arabia's geological and minerals database, as well as the success story of the Khnaiguiyah site, being one of the first investments promoted by the Kingdom.
Held after putting out Umm Ad Damar site for bid to local and international investors, the webinar was a collaboration between the Ministry of Investment and New Zealand Embassy in the Kingdom.
The opening remarks of the webinar were delivered by Deputy Minister for Mining Development at the Ministry of Industry and Mineral Resources Musad Abdulaziz Al-Daood and the Trade Commissioner at New Zealand Trade and Enterprise Ahmad Zakkout.
Both speakers highlighted the vast and untapped unique potential of the Saudi mining sector and briefed the attendees about the second licensing round at Umm Ad Damar site.
The webinar also emphasized the conducive and favorable investment climate and the Saudi new mining investment law, which provides transparency, clear and fair legislation for investors and optimizes the value of the mineral resources, estimated at $1.3 trillion. The webinar underscored the minerals that expedite a seamless transition to clean energy.
The webinar underscored the significance of Umm Ad Damar site, which encompasses more than 40 square kilometers and contains copper, zinc, gold, and silver. The site is located 300 kilometers northeast of Jeddah and 25 kilometers northwest of Mahd Althahab town on Jabal Al-Sayid Belt in the Jeddah Geological terrane.
At the end of the webinar, enablers and benefits available for investors across many industries, particularly mining, were explained with emphasis on their role in attracting lucrative investments and tapping into mineral resources across the country.
The ministry previously announced that it had opened the prequalification stage for the exploration license tender round for the Umm Ad Damar site in the Madinah Region, as part of the "Accelerated Exploration" initiative, which is a giant step toward the utilization of the Kingdom's rich mineral resources through the new investment law. — SPA


Clic here to read the story from its source.