The Ministry of Industry and Mineral Resources announced an auction for 13 mining licenses in the limestone blocks complex in Hufairat Nisah, Riyadh region. The auction targets industrial investors in the field of ornamental stones.
By holding a public auction process, the ministry aims to create a fair environment for bidders, reach out to a high number of mining investors and promote national industries in line with the Saudi Vision 2030 objectives.
The announcement of the auction process and documentation will be via “Tadeen” platform. The action process will start with a qualification round based on the conditions laid in the main auction document. Applicants are to submit their official qualification documents through the “Tadeen” platform, effective Wednesday 13 April 2022.
The ministry has put regulations and procedures that take into account environmental and social impacts of mining activities and rehabilitation of the environment in and surrounding mining sites after termination of activities. Existing regulations ought to be in line with international standards and practices.
To apply for the tender, please go to: https://mining.mim.gov.sa/pages/public/MiningCompetition.xhtml