Attracting local mining companies and foreign providers of “Smart Mining” solutions to increase efficiency and safety of KSA mining operations (creating local smart mining R&D & Operations Hub and development of fully automated mines).
- Opportunity for tech provider to offer a comprehensive smart mining solution for local KSA mining companies to drive digitization
- Expected Investment size: USD ~7Mn
- IRR of up to ~45% expected for foreign tech provider & payback period of ~2 years*
- Government to engage with international smart mining manufacturers to establish local operations in KSA
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