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Saudi Mining Services Company (ESNAD)

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Saudi Mining Services Company (ESNAD)
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The Saudi Mining Services Company (ESNAD) is a company affiliated with the Ministry of Industry and Mineral Resources. It works to empower the mining sector by providing a range of services and solutions that support investors and facilitate their operations. It was established by a Council of Ministers decision on April 27, 2022, and is considered one of the initiatives and pillars of the National Mining Strategy.

Objectives of the Saudi Mining Services Company (ESNAD)

The Saudi Mining Services Company (ESNAD) aims to contribute to the development of the mining sector and increase its contribution to the gross domestic product (GDP) by improving the investment environment, attracting and stimulating further investments, and enhancing the sector’s role in generating non-oil revenues. It also seeks to maximize the optimal utilization of Saudi Arabia’s mineral wealth, encourage mining companies to support local communities, create job opportunities in mining projects, and monitor and regulate mining violations by ensuring compliance with health, safety, and environmental standards at mining sites.

Strategic pillars of the Saudi Mining Services Company (ESNAD)

The Saudi Mining Services Company (ESNAD) operates based on several strategic pillars to achieve economic diversification by expanding non-oil sources of national income. These include developing mining licensing procedures to align with global best practices, enhancing compliance with mining regulations and financial requirements, and attracting and facilitating local and foreign investments in Saudi Arabia’s mining sector.

Activities of the Saudi Mining Services Company (ESNAD)

The Saudi Mining Services Company (ESNAD) provides a range of services and solutions to support mining investments, contributing to economic diversification by increasing non-oil revenue sources. It also aligns with the objectives of the national mining sector strategy and enhances the services provided to this sector. Its activities include issuing mining licenses, collecting fines and financial dues, conducting inspections and preparing health monitoring reports, operating the mining platform and integrated service centers, managing customer relations, raising awareness within the sector, and developing and implementing services related to the mining industry.