Ministry of Industry & Mineral Resources

What Ministry of Industry & Mineral Resources does

The Ministry of Industry and Mineral Resources is a government entity of the Kingdom of Saudi Arabia headquartered in Riyadh, responsible for industrial development, mining sector growth, and mineral resources management under the national Vision 2030 diversification strategy. It serves as the primary regulatory and investment facilitation body for both domestic industrial operators and international investors seeking access to Saudi Arabia's estimated $2.5 trillion in mineral wealth, with more than 46,000 km² offered for exploration and a 700,000 km² geological mapping program. The Ministry is actively repositioning Saudi Arabia from a 104th to 23rd place ranking on the Fraser Institute Mining Investment Attractiveness Index within a single year, anchored by a modernized mining regulatory framework and bilateral MOUs with Chile, Canada, and Brazil.

The Ministry operates a digital infrastructure stack including a Global Tender Portal built by PX4 Software on Google Cloud (handling over 5,000 transactions per hour with zero downtime and reduced page load times by over 60%) and the Senaei platform for electronic industrial investment procedures. These platforms support initiatives such as the Future Factories program (targeting transformation of 4,000 factories into automated facilities), the Exploration Enablement Program, and the Saudi School of Mines. The Ministry has also positioned itself as a convener of global mining capital through the Future Minerals Forum (100+ country representation including all G20 members) and the Global Minerals Innovation Competition (1,812 applicants from 57 countries), while partnering on AI-assisted process optimization in cement manufacturing with KAUST and on the AI-enabled SUSTAIN Platform with the World Economic Forum and Bain & Company.

The Ministry's revenue model is not commercial in the traditional venture sense; it derives from mineral licensing and royalties, industrial investment facilitation services, and government budget allocations tied to Vision 2030 industrial targets. Its go-to-market is primarily event-driven and field-based—Future Minerals Forum, PDAC convention keynotes, ministerial MOUs—augmented by self-serve digital channels (Senaei, Global Tender Portal) for investor onboarding. Customer segments are organized vertically: the global mining and minerals industry is the primary segment, with secondary segments covering Saudi industrial operators, the cement sector (focused on decarbonizing 37.7 megatonnes of annual CO2 emissions), and industrial energy users transitioning away from liquid fuels. Industrial production growth of 6.5% in July 2025 and approximately SAR 800 billion in privatization investment since 2018 provide macro context for sector momentum under the Ministry's oversight.

Name

Ministry of Industry & Mineral Resources

Legal name

Ministry of Industry and Mineral Resources

Website

https://mim.gov.sa

Company type

Private

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The Ministry of Industry and Mineral Resources is a Saudi government entity headquartered in Riyadh that oversees industrial development, mining sector growth, and mineral resources management under Vision 2030, serving domestic industrial operators and international mining investors through digital platforms.

Ownership category

akta.pro rank

Product category

Government Industrial & Mining Regulation

NAICS

Coal Mining (2121), Engineering Services (541330)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYBPAIAMAJ

Minerals, Mining & Geologic Resources Administration

Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration

SECONDARYIMAKAFAM

Mine Development & Processing EPC (Critical Minerals)

Industrials, Manufacturing & Construction/Metals & Mining/Battery & Critical Minerals Mining (Lithium, Nickel, Cobalt, Graphite, Manganese, Rare Earths)

SECONDARYIMAKAEAI

Precious Metals Exploration & Project Development

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

SECONDARYIMAKALAK

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up)

Industrials, Manufacturing & Construction/Metals & Mining/Mineral Processing & Beneficiation

SECONDARYIMAKAOAB

Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips)

Industrials, Manufacturing & Construction/Metals & Mining/Mine Development, Engineering & EPC (Design, Construction, Closure & Reclamation)

SECONDARYIMAFADAE

Mining & Mineral Processing Facility Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Industrial Construction (Plants & Facilities)

Keywords

• Government mining regulation
• Industrial investment facilitation
• Mineral resources management
• Digital investment services
• Industrial sector development

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mineral Resources Development: Saudi Arabia is developing its mineral sector as a major economic driver under Vision 2030, with an estimated $2.5 trillion in mineral wealth and over 46,000 km² offered for exploration.
2. Industrial Investment Facilitation: The Ministry facilitates industrial investment through digital platforms and regulatory frameworks, supporting the growth of industrial production which increased 6.5% in July 2025.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Ministry of Industry and Mineral Resources is a Saudi Arabian government ministry that oversees industrial development and mineral resource management under Saudi Vision 2030. It facilitates industrial and mining investment through digital platforms (such as the Global Tender Portal and Senaei), regulatory frameworks, and international partnerships. It also runs industrial transformation programs, talent development initiatives, and decarbonization programs targeting the cement and broader industrial sectors.

Product overview

The Ministry of Industry & Mineral Resources operates as a government ministry overseeing Saudi Arabia's industrial and mining sectors under Vision 2030. The ministry's primary digital product is the Global Tender Portal (built by PX4 Software on Google Cloud), which facilitates international investment in Saudi Arabia's mining sector. The ministry also manages multiple initiatives and programs including the Future Factories program (aiming to transform 4,000 factories into automated facilities), the Exploration Enablement Program, and the Saudi School of Mines. Additionally, the ministry partners with international technology companies like Lenovo for talent development in smart manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Tender Portal
• Senaei Platform
• Future Factories Program
• Exploration Enablement Program
• Saudi School of Mines

Quantifiable outcome

• Industrial production increased 6.5% in July 2025
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature3 records

Partnerships

15 partnerships are on record, tiered flagship, core and minor.

• Chile (Ministry of Mining)flagshipStrategic or Co-development Partner · 14 January 2026MOU signed at Future Minerals Forum for mineral resources cooperation with Chile, involving the Saudi Ministry of Industry and Mineral Resources alongside Chile's mining ministry, aiming to strengthen technical and investment cooperation in the mining sector.
• Canada (Ministry of Natural Resources)flagshipStrategic or Co-development Partner · 14 January 2026MOU signed at Future Minerals Forum for mineral resources cooperation with Canada, involving the Saudi Ministry of Industry and Mineral Resources alongside Canada's mining and energy ministries, aiming to strengthen technical and investment cooperation in the mining sector.
• Brazil (Ministry of Mines and Energy)flagshipStrategic or Co-development Partner · 14 January 2026MOU signed at Future Minerals Forum for mineral resources cooperation with Brazil, involving the Saudi Ministry of Industry and Mineral Resources alongside Brazil's mining and energy ministries, aiming to strengthen technical and investment cooperation in the mining sector.
• NIDLP (National Industrial Development and Logistics Program)coreStrategic or Co-development Partner · 8 January 2026Partnership to inaugurate the first edition of Future Minerals Pioneers Bootcamp in Riyadh, bringing together 356 qualified participants from 32 countries selected from 1,812 applicants across 57 countries, with participants competing across three tracks focused on smart technologies, safety and security, and resource sustainability.
• Ma'aden (Saudi Arabian Mining Company)coreStrategic or Co-development Partner · 8 January 2026Principal partner of the Future Minerals Pioneers Bootcamp, supporting the competition as a flagship initiative for identifying and developing talent in the minerals sector.
• ESNAD (Saudi Mining Services Company)minorStrategic or Co-development Partner · 8 January 2026Principal national phase partner for the Future Minerals Pioneers Bootcamp competition.
• FincantieriflagshipStrategic or Co-development Partner · 30 October 2025MoU signed in Riyadh to develop a high-tech and sustainable maritime ecosystem aligned with Saudi Vision 2030, covering naval vessel design, construction, maintenance, and dual-use offshore platforms. Agreement focuses on technology transfer, skills development, and training in advanced naval systems, smart shipyard technologies, green propulsion, digitalization, and cybersecurity.
• KAUST (King Abdullah University of Science and Technology)coreStrategic or Co-development PartnerPartnership through the Future Cement Initiative developing solutions for Saudi Arabia's cement sector decarbonization, including alternative materials from volcanic Harrat fields, carbon capture technologies, and AI-assisted process optimization.
• LenovocoreStrategic or Co-development PartnerLenovo launched a talent development program in partnership with Alat, the Human Resources Development Fund, and the Ministry, seconding 100 Saudi graduates for 4-month training in smart manufacturing combining classroom instruction with hands-on practical experience across Lenovo's Riyadh facility and global manufacturing sites.
• AlatcoreStrategic or Co-development PartnerPartner in Lenovo talent development program providing technical resources for training Saudi graduates in smart manufacturing, aligned with Lenovo's broader investment in the Kingdom including a new manufacturing base and MEA Regional Headquarters in Riyadh.
• Human Resources Development FundcoreStrategic or Co-development PartnerFunding partner in talent development program training 100 Saudi graduates in smart manufacturing at Lenovo's Riyadh facility and global sites, covering engineering, technology, production, quality control, and digital operations.
• King Abdullah University of Science and Technology (KAUST)coreStrategic or Co-development PartnerPartnership with Ministry of Transport and Logistic Services to build a Future Mobility Sandbox testbed at Thuwal on the Red Sea coast. The 1.6 km² multimodal transport testbed will allow companies, government entities, and startups to test air, land, and sea technologies, with completion expected by 2029.
• World Economic ForumcoreStrategic or Co-development PartnerCollaboration on SUSTAIN Platform announced at WEF Annual Meeting 2026 in Davos, developed with WEF and Bain & Company for AI-enabled sustainability monitoring.
• Bain & CompanycoreImplementation/ SI/ Consulting PartnerDevelopment partner for AI-enabled SUSTAIN Platform in collaboration with the Ministry of Economy and Planning and WEF.
• Weill Cornell MedicineminorStrategic or Co-development PartnerSaudi-U.S. space research partnership through SDM (Saudi School of Mines) focused on space biology and human health.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Australian Department of Industry, Science and Resources: Australian federal department overseeing industrial development, science, and mineral resources. Established mining jurisdiction peer with comparable mandate in critical minerals strategy and investment attraction.
• Saudi Arabia Ministry of Energy: Domestic peer ministry managing Saudi Arabia's energy sector. Operates alongside the Ministry of Industry & Mineral Resources with overlapping jurisdiction on resource development and Vision 2030 implementation.

Others

• International Council on Mining and Metals (ICMM): International industry organization promoting sustainable mining practices and policy cooperation. Adjacent peer representing the multilateral platform through which the Ministry engages global mining governance and ESG standards.

Emerging players

• Ma'aden (Saudi Arabian Mining Company): Saudi Arabia's national mining champion and principal partner of the Ministry's Future Minerals Pioneers Bootcamp. Closely aligned national flagship that executes the Ministry's mining development strategy through Mansourah/Massarah gold mines and other operations.

Regional players

• UAE Ministry of Energy and Infrastructure: GCC counterpart ministry managing UAE's energy and infrastructure development. Regional peer with similar mandate to diversify economy beyond hydrocarbons and develop industrial sectors.

Direct peers

• Canada Ministry of Natural Resources: Canada's federal department overseeing mineral and energy resources. Signed MOU with Saudi Ministry at Future Minerals Forum 2026 and shares mandate of promoting mining investment and geological survey programs.
• Indonesia Ministry of Energy and Mineral Resources: Indonesia's ministry overseeing energy and mineral resource development. International peer with similar mandate to manage critical mineral resources (nickel, bauxite) and attract foreign mining investment.
• Brazil Ministry of Mines and Energy: Brazil's federal ministry responsible for mining and energy policy. MOU partner at Future Minerals Forum 2026 and direct international peer in developing mineral resource sectors and attracting foreign investment.
• Chile Ministry of Mining: Chile's national mining ministry responsible for mineral resource policy and investment attraction. Direct international peer sharing an MOU with the Saudi Ministry and similar mandate to develop mining sectors and attract international investment.
• South Africa Department of Mineral Resources and Energy: South Africa's national department managing mining sector policy and regulation. International peer with comparable mandate in developing mineral resources, transformation programs, and attracting mining investment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/mimgov
• LinkedInlinkedin.com/company/mimgov

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministry of Industry & Mineral Resources