Saudi Arabia’s Ministry of Industry and Mineral Resources announced on Tuesday that it has prequalified 25 companies to develop a limestone complex in the Riyadh region. According to ministry sources, 39 companies had expressed interest in the participation project.
Hence, the ministry had invited investors in April to take advantage of its new mining law and bid for the project involving the development of limestone sites in Hafirat Nisah in Al-Muzahmiya Governorate province in Riyadh for the manufacture of ornamental stones and other products.
According to the ministry, the eligible companies are: Al-Andalusia Co. Ltd for Natural Stone & Marble; Al Takadom Company; Al-Sultan Factory for Stone and Marble; Al-Quds Industry Company; United Marble & Stone Co; Awtad AlRiyadh Manufacturing Company; Bin Harkil Co. Ltd.; Tanhat Mining Co. Ltd. and Kuta Almajad for Construction Company.
Also qualified are Rekaz International Commercial Investment Co; Rmk Company for Trading & Construction; Rawabi Central Mining Company; Roaiaa El-Sokhoor Company; Roma Marble and Stone Company; Sahara Najd Manufacturing Company; Sukur Alibidea Mining Company; and Teef Najd Trading Company; Gulf Castles Mining Company.
The other firms in the list are Alraqi Mining Company; Mohammed Hadi Al Rasheed & Partners Company; Al Asinah Factory Co. for Marble & Stone Limited; Saudi Marble & Granite Factory Company; National Granite Factory for Marble & Granite Company; Al Qimma Rocks Factory for Mining; and Al-Jawadah Rocks Factory for Mining.
The tender, which is open to investors interested in manufacturing landscaping rocks and gravels, moreover aims to regulate the bidding process of the application for a building materials quarry license to exploit the limestone blocks in the Hofirat Nessah complex. It will thus, create a fair environment for bidders, which promotes mining investment and encourages national industries in line with the Saudi Vision 2030 objectives.