Ambitious Plan to Expand Saudi Arabia Mining Sector
Saudi Arabian Mining Company (Maaden) has unveiled its long-term strategy through 2040, alongside its operational outlook for 2026, as part of its efforts to strengthen its position as one of the largest mining companies in the region and support the objectives of Saudi Arabia Vision 2030.
The new strategy aims to diversify the company investment portfolio and expand its mining operations to include new sectors and strategic raw materials that support the Kingdom economic transformation. The plan focuses on leveraging Saudi Arabia rich natural resources and transforming them into added economic value.
Major Investments in Advanced Technologies
Maaden 2040 strategy includes significant investments in advanced technologies and smart solutions to improve mining operational efficiency and reduce environmental impact. The company also seeks to implement the latest sustainability standards in all its future projects.
The plan includes developing new mines and expanding existing facilities, in addition to investing in research and development to explore new possibilities in the mining sector. The company aims to become a global hub for sustainable and responsible mining.
Supporting Economic Diversification and Vision 2030
This strategy comes within the framework of supporting the Kingdom efforts to diversify its economy and reduce dependence on oil as the main source of income. Maaden ambitious plans are expected to contribute to creating thousands of new job opportunities for citizens and enhancing the growth of the non-oil economy.
The company also seeks to develop local value chains and attract foreign investments to the Kingdom mining sector, enhancing its position as an attractive investment destination in this strategic sector. Maaden looks forward to playing a pivotal role in achieving Vision 2030 objectives related to developing non-oil sectors.
