Saudi Arabia's New Mining Law

Jones Day

In recent years, Saudi Arabia has witnessed substantial growth in the production of primary, midstream, and downstream mineral and metals products catering to both local and export markets. Currently, as a part of the Kingdom's Vision 2030 program, Saudi Arabia is working to increase the mining sector's contribution to the Saudi economy with the objective of making the mining sector the third pillar of Saudi industry, alongside the oil and gas and petrochemical sectors.

To assist in achieving this goal, Saudi Arabia announced on June 9, 2020, the issuance of a new Mining Law, which offers certain changes and incentives not found in the previous Mining Law. In this White Paper, we will examine some of the more substantial amendments introduced by the New Law.

Please see full White Paper below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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