Saudi Arabia Extends Third Round of Exploration Enablement Program

The Saudi Ministry of Industry and Mineral Resources, in collaboration with the Ministry of Investment, has officially extended the application deadline for the third round of the Exploration Enablement Program (EEP). The extension aims to provide interested parties with additional time to finalize their submissions for the initiative, which is a cornerstone of the Kingdom’s strategy to accelerate mineral exploration and development.

The EEP is designed to lower the financial barriers for mining companies by offering support for exploration projects across the nation. By providing this extra window, the ministries intend to encourage broader participation from both local and international investors, ultimately bolstering the Kingdom's mining sector as part of its broader economic diversification goals under Vision 2030. Interested applicants are encouraged to review the updated submission requirements and timelines through the official government portals to ensure their documentation is complete before the new cut-off date.