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Industry & mining brief
Sunday, 1 November 2026 · Jumada I 21, 1448 AH |
Factories, mining and local content Monitoring window: 11:25 on 25 Oct to 11:25 on 1 Nov, Riyadh time
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Industry & mining in Saudi Arabia · 3 min read
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Maaden appoints Yasser Al-Rumayyan as board chairman and Khalid Al-Mudaifer as deputy |
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The bottom line
OpportunityThe Jabal Sayid water pipeline cuts water costs by up to 60% for Class A and B licence projects, per the ministry. WatchThe trade and export authority merger takes effect once arrangements are approved, changing the reference body for industrial exporters.
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Markets
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Brent crude
117.64 $/barrel ▲ 2.4%
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Gold
3,874.40 $/oz ▼ 3.5%
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Saudi market index (TASI)
9,921.50 points
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S&P 500
7,580.07 points ▼ 1.8%
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30 Oct close (Saudi market index (TASI): 29 Oct)
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Situation
Riyadh airport: Partly open: domestic from T1, national carriers' international from T2 (Al-Monitor, updated Sun 1 Nov)
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The lead story
Maaden appoints Yasser Al-Rumayyan as board chairman and Khalid Al-Mudaifer as deputy
What happened In two Tadawul disclosures, Maaden set out its new board and committees and named Affat Badeeb board secretary. Manar Al-Muneef chairs the Audit Committee until the board term ends on 24 October 2029.
Why it matters The new line-up sets leadership at the Kingdom's largest miner, a key counterparty for Industry & mining companies, through 2029.
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◆ Sector leaders (2)
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◆ Regulation (3)
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Industry ministry launches mining infrastructure initiative and treated water pipeline for Jabal Sayid
The project will supply over 20,000 cubic metres a day via a 75km pipeline serving up to five potential mine sites, cutting water costs in the area by up to 60%, the ministry says. The initiative, launched with MODON, serves projects holding or seeking Class A and B exploitation licences.
Why it matters: Water costs for Industry & mining companies in the Jabal Sayid belt in Madinah fall by up to 60%, per the ministry.
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Official gazette
Cabinet merges export development authority into new General Authority for Foreign Trade and Export
By Council of Ministers
The new authority reports to the Supreme Committee for Trade, Industry, Localisation and Exports; the merger takes effect once its organisational arrangements are approved. The Minister of Industry and Mineral Resources now chairs the standards authority, and the National Supreme Committee for Industry was cancelled.
Why it matters: It reshapes the bodies Industry & mining companies deal with on exports, standards and local content.
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◆ Industry & market (2)
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Saudi mining licences rise to 2,925 in 2025
Valid licences rose by 524 and discovered mineralisation sites reached 5,680, per GASTAT. Reserves were about 16.68m ounces of gold, 1.85m tons of zinc and 0.72m tons of copper.
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◆ Saudi Arabia: security & major events (2)
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◆ Worth reading
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◆ On the radar
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◆ Sun 1 Nov: OPEC+ monthly meeting on oil output levels OPEC
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For this brief we read 161 stories and chose 11.
Ijaz selects and summarizes the news with AI and can get things wrong. Check the source before relying on a story. Report any error to hello@ijaz.ai.
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