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.
 


Inaugural Global AI Summit opens virtually

Updated 21 October 2020

Inaugural Global AI Summit opens virtually

  • World’s leading CEOs, innovators and policymakers to attend virtual event

DUBAI: The inaugural Global AI Summit, which bills itself as the premier platform for dialogue on artificial intelligence, opens virtually on Wednesday and brings together stakeholders from the world of academia, government and the private sector during the two-day event.

The Global AI Summit, organized by the Saudi Data & AI Authority (SDAIA) and G20 Saudi Secretariat honoring Saudi Arabia’s presidency of the international forum, will explore artificial intelligence’s role in the new global era and how its transformational potential can be deployed “to create a better future for all.”

The two-day virtual event will particularly tackle what artificial intelligence “means for policy and decision makers interested in leveraging the potential, for the good of humanity.”

Among the world’s leading CEOs, innovators and policymakers who will be at the event are: Abdullah Al-Swaha, Saudi Arabia’s minister of communications and information technology; Omar Sultan Al-Olama, the UAE minister of state for artificial intelligence; Masayoshi Son, the founder and CEO of SoftBank Group Corp; and Houlin Zhao, the secretary-general of the International Telecommunication Union.