The first stage would require investing in 6 different sites in which would be mining for the following minerals:
Minging Sites:
Iron Ore Mine: A site with more than 70% of Irone percentage.
Gold Mine: It needs a goyological survey and study to find reserve within the next five years.
Silica Mine: It needs a goyological survey and study to find reserve within the next five years.
Each site includes transforming, refining and storage plants.
Each site is organized and up to the ministry of Industry and Mineral Resources.
Plans & Permits
Permits and Geological surveys are in process at the moment and are eased by the government in support of the new vision of 2030. The Kingdom’s vision into growing the industrial sector is one of the critical factors in the success of this investment. Each site is leased by the government for more than 20 years and it is extendable. The leasing rate is supported by the ministry and is reasonable.