Saudi Arabia Unlocks Trillion-Dollar Mining Play for Canadian Firms
Saudi Arabia rolls out the red carpet for Canadian mining firms, pitching $2.5 trillion in untapped potential and a bold Vision 2030 transformation.

Saudi Arabia is laying out a bold proposition on the global stage and this time, it’s not oil. With mineral wealth pegged at a staggering $2.5 trillion, the Kingdom is courting Canadian mining companies to help unlock one of the world’s most underexplored but richly endowed frontiers. In late June, a delegation from Saudi Arabia’s Ministry of Industry and Mineral Resources landed in Vancouver and Toronto with a message that’s hard to ignore: the Kingdom is open for mining business, and it’s not holding back.
At a roundtable hosted in Vancouver, officials presented their strategy to representatives from 25 Canadian firms, showcasing the scale, ambition, and speed at which Saudi Arabia is reshaping its mining sector. The pitch was rooted in Vision 2030, Crown Prince Mohammed bin Salman’s sweeping economic transformation plan, which places mining at the heart of the country's diversification agenda.
Canadian miners listened closely as Saudi officials outlined the investment environment, boasting streamlined regulations, world-class infrastructure, vast geological data sets, and most importantly, a long-term political commitment to build a globally competitive mining hub. The Kingdom’s Comprehensive Mining Strategy aims to raise the mining sector’s contribution to GDP to over $64 billion by 2030, while creating 200,000 direct and indirect jobs.
