This investment take place in Najran city, in the Kingdom of Saudi Arabia and held by Saudi citizens who noticed the opportunity and the great value of their lands mineral fortune. Two brilliant minds took the initiative to start their own mining business in their homeland and are now in the process of growing this business into one of the most leading mines in the Kingdom of Saudi Arabia under the supervision of the Ministry of Industry and Mineral Resources and the guidance of H.R.H Prince Mohammed bin Salman’s vision for the 2030 Kingdom vision.
The first stage would require investing in 6 different sites in which would be mining for the following minerals:
Minging Sites:
Iron Ore Mine: A site with more than 70% of Irone percentage.
Gold Mine: It needs a goyological survey and study to find reserve within the next five years.
Silica Mine: It needs a goyological survey and study to find reserve within the next five years.
Each site includes transforming, refining and storage plants.
Each site is organized and up to the ministry of Industry and Mineral Resources.
Plans & Permits
Permits and Geological surveys are in process at the moment and are eased by the government in support of the new vision of 2030. The Kingdom’s vision into growing the industrial sector is one of the critical factors in the success of this investment. Each site is leased by the government for more than 20 years and it is extendable. The leasing rate is supported by the ministry and is reasonable.
The Goldmine would require an investment of 6 Million Saudi Riyal.
The Iron Ore mine would require an investment of 40 Million Saudi Riyal. The silica Mine would require an investment of 15 Million Saudi Riyal.
In total, it is expected that the first approximate investment would value around 61 Million Saudi Riyal.
Partnership and Return of Investment (ROI)
The business owners would like to offer you a partnership via investing in their mining business.
The expected return of investment is high, and this opportunity would be one of a life time chance to expand into the mining filed in Saudi Arabia.
Gross Revenue
TBA
EBITDA
TBA
Business ID:
L#20220347
Country
Saudi Arabia
| Business ID: | L#20220347 |
| Property Type: | Mining Businesses |
| Property Status: | For Sale |
| Target Price: | $16,000,000 |
| Gross Revenue: | TBA |
| EBITDA: | TBA |
| Target Price / Revenue: | INFx |
| Target Price / EBITDA: | INFx |
Updated on September 2, 2022 at 7:29 am
Gold Mining Project
