Mining License in Saudi Arabia - Al Taasis

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Mining License
in Saudi Arabia

Mining activities in Saudi Arabia date back thousands of years, with the discovery of ancient mining sites in the country’s western region. However, modern mining activities in the country began in the 1930s with the discovery of oil, which led to the development of the mining of other resources, such as gold and copper.

The development of the mining industry in Saudi Arabia is a crucial component of the Kingdom’s efforts to achieve economic diversification, as outlined in the Saudi Vision 2030. With oil and gas, as well as petrochemicals, already established as major contributors to the economy, mining has the potential to become a significant third pillar of industrial growth.

Transport Sector
in Saudi Arabia at a Glance

Significance of the Mining Sector in Saudi Arabia

The Saudi government aims to facilitate the growth of the mining sector primarily through private sector investment to optimize its profitability in line with the goals of the Saudi Vision 2030.

Abundant Mineral Resources

Saudi Arabia is rich in mineral resources, including gold, copper, zinc, phosphate, bauxite, and iron ore. The Kingdom is estimated to have the largest oil reserves in the world, and the mining sector represents a potential opportunity for the Kingdom to monetize its abundant natural resources. The development of the mining sector is expected to drive economic growth in Saudi Arabia, particularly in regions that are less developed than urban centres.

Government Support

The Saudi Arabian government has been actively supporting the development of the mining sector to increase its contribution to the country's GDP from 1% to 10% by 2030. The government has established the Saudi Arabian Mining Company (Ma'aden) as the primary entity responsible for developing the sector.

Investment in Mining Sector

The government has invested heavily in the mining sector, with a reported $22.5 billion invested in the sector between 2011 and 2020. Much of this investment has gone towards the development of new mines, the expansion of existing mines, and the modernization of mining infrastructure and technologies.

Mining Licensing Requirements in Saudi Arabia

This license is provided to establishments that wish to practice mining activities in the Kingdom.

License to practice bus public transportation within cities
View Requirements

License to Practice Bus Public Transportation within Cities

This license permits international companies to operate public bus transportation services in cities within the Kingdom of Saudi Arabia.

Required Documents

  1. The Company’s Board of Directors’ resolution indicating their plan to invest in the Kingdom of Saudi Arabia, listing the names of shareholders, capital amount, shareholders’ shares, business activity, location, and the appointment of General Manager and his powers, authenticated by the Saudi Embassy.
  2. A copy of the business entity’s commercial registry from its country of origin, with authentication from the Saudi Embassy.
  3. Evidence demonstrating adherence to contract completion timelines in the previous five years.
  4. Documentation showing financial capability aligned with the project’s capital requirements, shareholder contribution, consistency with the project’s implementation plan, and in accordance with the financial restrictions established for the type of activity.

Rules and Restrictions

  1. Alignment of the Saudi shareholder(s) percentage and capital with the financial restrictions outlined for the type of activity.
  2. The foreign company’s average revenue over the past three years prior to the license grant must be at least 3 billion Saudi riyals, with a minimum asset value of 1.5 billion Saudi riyals.
  3. The foreign company must hold licenses in at least two countries and have a minimum of 10,000 employees.
  4. The minimum capital requirement for bus procurement, operation, and maintenance must meet the Ministry of Investment’s standards for service sector companies (500,000 SAR).
  5. In the case of a Saudi shareholder, a copy of the Department of Transportation/Public Transportation Authority license for bus transportation activities is required.
  6. Compliance with the nationalization quotas set by the Ministry of Labor and Social Development for transportation services, as amended.
  7. The establishment’s record requesting the license must not include any previous license revocations, either inside or outside of Saudi Arabia, within the ten years prior to the license request.
  8. There should be no record of fines or penalties related to traffic safety, either inside or outside of Saudi Arabia, in the ten years prior to the license request.
  9. Approval from the relevant authorities in Saudi Arabia for the use of public transportation during emergencies, crises, and wars.
  10. Technical specifications and production processes must adhere to Saudi, Gulf, or international standards.
  11. The applicant must submit annual plans for improving security levels to the Public Transport Ministry for review.
  12. The applicant must provide data of the Saudi national identity, premium residency, residency, or commercial registration data for any participating Saudi companies when submitting the electronic application.
Contact us to obtain your Transport License fast.
Mining Licensing
View Requirements

Mining Licensing Requirements in Saudi Arabia

This license is provided to establishments that wish to practice mining activities in the Kingdom.

Required Documents

  1. You will provide a copy of the commercial registration of the shareholding partner certified by the Saudi Embassy and a copy of the national identity if one of the partners is a natural person holding the nationality of one of the GCC countries (in case his data is not registered in the ABSHAR system).
  2. Your financial statements of the last financial year of the foreign company and certified by the Saudi Embassy.

Rules and Restrictions

  1. Consistency between the total percentage of the Saudi (shareholder/ shareholders) and the capital according to the financial limits set forth for the type of activity.
  2. Premium residence holders are exempted from the above documents.
  3. In case one of the partners was previously licensed by the Ministry of Investment, it must be mentioned while filling in the partners' data during the electronic application.
  4. The applicant must enter the data of the Saudi national identity / Premium residence/residence if one of the partners holds any of them or the commercial registration data for the participating Saudi companies during the electronic application submission.

Obtain Your Mining License in Saudi Arabia with Al Taasis

Our expert team simplifies the licensing processes and helps you obtain your Mining license conveniently in Saudi Arabia.

Contact us to obtain your Transport License fast.
License to practice other transport
View Requirements

License to Practice Bus Public Transportation within Cities

This license permits international companies to operate public bus transportation services in cities within the Kingdom of Saudi Arabia.

Required Documents

  1. The Company’s Board of Directors’ resolution indicating their plan to invest in the Kingdom of Saudi Arabia, listing the names of shareholders, capital amount, shareholders’ shares, business activity, location, and the appointment of General Manager and his powers, authenticated by the Saudi Embassy.
  2. A copy of the business entity’s commercial registry from its country of origin, with authentication from the Saudi Embassy.
  3. Evidence demonstrating adherence to contract completion timelines in the previous five years.
  4. Documentation showing financial capability aligned with the project’s capital requirements, shareholder contribution, consistency with the project’s implementation plan, and in accordance with the financial restrictions established for the type of activity.

Rules and Restrictions

  1. Alignment of the Saudi shareholder(s) percentage and capital with the financial restrictions outlined for the type of activity.
  2. The foreign company’s average revenue over the past three years prior to the license grant must be at least 3 billion Saudi riyals, with a minimum asset value of 1.5 billion Saudi riyals.
  3. The foreign company must hold licenses in at least two countries and have a minimum of 10,000 employees.
  4. The minimum capital requirement for bus procurement, operation, and maintenance must meet the Ministry of Investment’s standards for service sector companies (500,000 SAR).
  5. In the case of a Saudi shareholder, a copy of the Department of Transportation/Public Transportation Authority license for bus transportation activities is required.
  6. Compliance with the nationalization quotas set by the Ministry of Labor and Social Development for transportation services, as amended.
  7. The establishment’s record requesting the license must not include any previous license revocations, either inside or outside of Saudi Arabia, within the ten years prior to the license request.
  8. There should be no record of fines or penalties related to traffic safety, either inside or outside of Saudi Arabia, in the ten years prior to the license request.
  9. Approval from the relevant authorities in Saudi Arabia for the use of public transportation during emergencies, crises, and wars.
  10. Technical specifications and production processes must adhere to Saudi, Gulf, or international standards.
  11. The applicant must submit annual plans for improving security levels to the Public Transport Ministry for review.
  12. The applicant must provide data of the Saudi national identity, premium residency, residency, or commercial registration data for any participating Saudi companies when submitting the electronic application.
Contact us to obtain your Transport License fast.
Contact us to obtain your Transport License fast.