Brief About Ministry
Brief About the ministry
The ministry was founded by a royal decree, number (A/472) on 29/12/1440 islamic year, corresponding to 30/8/2019. Since then, all responsibilities and tasks relating to the industrial and mining sectors have been entrusted to the ministry. The ministry aims to further strengthen of the mentioned sectors and contribute to their ongoing development in accordance with the Saudi Vision 2030. It strategically chose these two sectors to diversify the national economy and increase their overall national contributions through a national industrial program and logistics services to establish the Kingdom as a leading industrial and mining powerhouse, as well as a global platform for logistics services.
Corporate Strategy for the Ministry
Resources and organization of benefits management to provide an attractive environment for investments and create an effective governance framework that supports the competitive capabilities of partners and the efficiency of using the leadership of the industry system
OUR MESSAGE
To lead the industrial and mineral wealth Ecosystem with an effective governance framework that: Supports the competitive capabilities of its partners, optimizes resource utilization, maximizes benefits management, creates an attractive investment environment, establishes national services and products based on creativity and innovation
OUR VISION
For the Kingdom of Saudi Arabia to become a magnet for high-quality industrial and mining investments.
OUR VALUE
MIM's priorities are reflected in these values:
- Ambition
- Influence
- Confidence
- Empowerment
- Drive
The foundations of Our Strategy
Organizational Structure and Capacity Development
- Develop institutional capacity
- Assign operational goals
- Create agile teams
Interacting with Industrial and mining sector's organizations
- Contextualize the roles and responsibilities of the organizations
- Respond and adapt to partner needs
- Apply business model developed by the ministry and its partners
The centralization of the investor
- To boost the sectors investment engagement
- Explore new markets and opportunities
- Offer competitive advantages for investors
Culture and managing change
- Establish constructive behaviors
- Raise awareness of the need for change in order to create an effective work culture
Sector empowerment
- Concentrate efforts on key enablers
- Activate business models and joint ventures
Digital Transformation
- Simplify investors' journey
- Develop internal procedures digitally
- Make decisions based on data
Our strategic direction
Unifying the strategic vision and direction- Integrate the roles of MIM and sectors
- Design a flexible and effective model, to achieve the integration
- Raise institutional maturity
- Boost institutional capabilities for quick response to business changes
- Invest in the development of national human resources
30 Aug 2019
Establishment of the Ministry of Industry and Mineral Resources
A royal decree No. (A/472) on 29/12/1440 AH, 30 August, 2019, which adopted establishing the Ministry of Industry and Mineral Resources and transferring competences, tasks and responsibilities related to the industry and mineral resources sectors. As of 1/1/ 2020 the ministry shall begin its tasks.
25 Sep 2019
Advancing the industrial and mining sectors
Since the launch of the Kingdom's Vision 2030, the Saudi mining sector has witnessed an unprecedented flurry of development efforts. Major investments have been made not only in the field of mining itself, but also in the development and construction of any requirements deemed necessary to make mining and mining industries the third pillar of Saudi industry, and another rich resource of the national economy, along with the oil and petrochemical industries, which have become global significance.
Last Modified Date: 2024/12/26 - 01:30 PM | Saudi Arabia Time
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