Saudi Ministry of Industry and Mineral Resources launches mining reserves, complexes and mining licenses service

Bandar bin Ibrahim Alkhorayef, center, launching the new service. (Ministry of Industry and Mineral Resources)
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Updated 01 October 2020

Saudi Ministry of Industry and Mineral Resources launches mining reserves, complexes and mining licenses service

  • The move comes as a preparation for the launch of the new mining investment system

RIYADH: The minister of industry and mineral resources, Bandar bin Ibrahim Alkhorayef, launched a service on Thursday giving people access to the Taadin (mining) electronic platform that will include all electronically submitted applications for licenses, the registry of all licenses issued by the platform and their procedures, and the registry of mining complexes and mining reserves.

This move comes as a preparation for the launch of the new mining investment system, which was recently approved by the government and will come into effect at the beginning of 2021.

The launch of these services comes in respect with Article 4 of the new mining investment system, as it seeks to promote transparency in the sector and provide all relevant parties with access to information about licenses and mining areas.

“The ministry has tirelessly worked, in cooperation with numerous consultancy firms specialized in the field of mining, to develop the new mining investment system, which is now aligned with the best international practices in the relevant field,” said Khalid bin Saleh Al-Mudaifer, deputy minister of industry and mineral resources.

 “We are currently working on preparing the executive regulations, conditions and necessary electronic models to deal with all kinds of license applications. We are also working to further develop the Taadin platform, which will be receiving and rapidly dealing with applications after all the requirements become available soon.

“When the regulations, conditions and models are completed, it will be possible, through this platform, to clarify and facilitate the requirements for licenses and businesses and receive the investors’ new applications,” he added, noting “this development in terms of mining-related legislations in the Kingdom is an important part of the Kingdom’s mining strategy, which is an integral part of the ambitious 2030 Vision and the National Industrial Development and Logistics Program, that aim at developing the mining sector, turning it into the third pillar of the Saudi industrial sector.”

The ministry invites all those interested in acquiring further information to visit the following website: https://www.dmmr.gov.sa/mop/pages/home.aspx.
 


Saudi King praises role of women at W20 summit

Updated 22 October 2020

Saudi King praises role of women at W20 summit

RIYADH: Saudi Arabia’s King Salman has praised the exceptional role played by women during the coronavirus pandemic.
In a speech delivered at the end of the W20, the G20 women’s engagement group, on Wednesday, King Salman said: “I would like to express my gratitude to the Women 20 Engagement Group for their remarkable efforts and commitment to deliver their agenda during these unprecedented times caused by the COVID -19 pandemic.”
The Saudi king described women as the source of evolution for any society and said that without empowered women it is difficult to reform societies. 
“Women are the main source of development for any society. Hence, without empowered women, it is almost impossible to implement any societal reforms given that women form half of the societies and they are the ones who raise up generations. Women has proven through history their remarkable role in leading change and in decision making.”
The king noted that Saudi Arabia’s presidency of the G20 has dedicated special attention to discussing policies related to women across different ministerial and working group meetings.