Saudi Arabia approves the new mining law and encourages foreign investment

On June 9, 2020, the Saudi cabinet approved a new law on the mining industry at its weekly meeting, aiming to encourage foreign capital to invest in Saudi mining industry. The passage of the new law is one of the most important strategic measures for Saudi Arabia’s mineral industry and is expected to promote “qualitative change” in the mineral industry in the near future, Saudi state news agency quoted the Saudi Minister of mining and industry as saying.

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