Saudi Arabia's Ministry of Industry and Mineral Resources Invites Mining Companies to Join Its 7th Licensing Round

The sites up for auction include;

Interested investors are invited to view the  Information Memorandum by visiting Ta'adeen website at https://taadeen.sa/en/mining-bids to access the data room for the sites.

Saudi Arabia offers several competitive incentives to support investors across various sectors and industries. These include 75% co-funding for capital expenditure (CAPEX), a five-year exemption on royalty fees, discounts of up to 30% for local downstream processing (with potential savings of up to 90%), a competitive 20% corporate tax rate, and the advantage of 100% foreign direct ownership.

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