Ministry of Industry and Mineral Resources
The Ministry of Industry and Mineral Resources is a Saudi government ministry in Riyadh, created in 2019, responsible for developing the industrial sector and managing the Kingdom's mineral resources.
Industry: Government administration: industry and mining | Location: Riyadh, Saudi Arabia | Founded: 2019
About Ministry of Industry and Mineral Resources
The Ministry of Industry and Mineral Resources is a Saudi Arabian government ministry headquartered in Riyadh. Wikipedia says it is responsible for developing the industrial sector, managing the Kingdom's mineral resources and supporting economic diversification beyond oil.
The ministry was created on 30 August 2019, when the Ministry of Energy, Industry and Mineral Resources was divided into the Ministry of Energy and this ministry, according to Wikipedia. Bandar Alkhorayef was its first minister. A royal order reported by Arab News on 11 July 2026 relieved him and appointed Prince Abdulaziz bin Salman as Minister of Industry and Mineral Resources, in addition to his post as Minister of Energy. Alkhorayef was made a Minister of State and member of the Council of Ministers.
Wikipedia lists three affiliated bodies: the Saudi Export Development Authority, the Saudi Geological Survey and the Saudi Authority for Industrial Cities and Technology Zones. It says the ministry founded the Future Minerals Forum in 2021.
TechScoop reported in June 2026, citing a report by the ministry's National Center for Industrial and Mining Information, that 322 new industrial licences were issued in April 2026, with associated investments above 12.33 billion riyals and more than 2,977 expected jobs. The same report counted 188 factories starting production in April, with about 2.01 billion riyals of investment and roughly 3,606 expected jobs. The article said the ministry publishes such data monthly.
TechScoop reported in August 2026 that the ministry and the Human Resources Development Fund support the local talent programme at Lenovo's Riyadh plant, where the first Saudi-made Lenovo laptop was unveiled at LEAP 2026.