Business Insights: Exploration
What makes KSA attractive for juniors?
“The Kingdom’s competitive energy costs, skilled labor, and solid infrastructure create a strong foundation for high value refining projects such as EVM’s LCP project. In addition, the government offers substantial support through incentives and initiatives, such as the Saudi Industrial Development Fund (SIDF).”
Luke Fitzgerald, CEO, EV Metals Group
“Supportive jurisdictions like KSA, with robust infrastructure and a realistic grasp of exploration challenges, are attractive. They recognize the evolving technical, commercial, and permitting challenges, making it easier to operate.”
Inés Scotland, Executive Chair, Metal Bank
“We entered Saudi for three main reasons: first, its immense geological prospectivity—metals and minerals in the country are largely underexplored; second, the hugely ambitious mining sector reforms under Vision 2030; and third, the unrivaled investment incentives for junior explorers like Greyridge.”
Michael Bradley, CEO, Greyridge Exploration
“One advantage is the government's support through financial assistance programs through the EEP. If your company meets the criteria, the Government can provide up to SAR 7 million in funding to support exploration activities.”