The Saudi Ministry of Industry and Mineral Resources has reported a remarkable 220% growth in newly issued mining licenses in 2025, compared to 2024. This growth signals a rapid acceleration in the development of the mining sector and highlights its increasing attractiveness to investors. The ministry has stated that the total number of mining licenses issued last year reached 61, up from 19 the previous year, with the total investments tied to these new licenses exceeding 44 billion Saudi Riyals, signifying a strong interest in extracting valuable minerals such as gold and phosphate.

Moreover, the total number of active mining licenses in Saudi Arabia has risen to 275 by the end of 2025, covering an area of approximately 2.16 thousand square kilometers. This expansion illustrates not only a growth in the number of licenses but also a broader commitment to developing promising mining sites. Critics might point out the environmental impacts of such rapid development, but the government seems focused on harnessing the estimated $2.5 trillion worth of mineral resources available in the kingdom as part of its broader economic diversification plan.

The increase in mining licenses aligns with efforts to capitalize on the kingdom's vast mineral wealth, which is estimated to exceed 9.4 trillion Riyals. The significant rise in mining activity will likely contribute to job creation and economic benefits for the region, further pushing forward Saudi Arabia’s Vision 2030 goals aimed at reducing the country's dependence on oil revenues and diversifying its economy through strategic investments in various sectors, including mining and mineral development.