Summary:
Market Analysis and Insights: Saudi Arabia Contract Mining Services Market
The Saudi Arabia Contract Mining Services market size is projected to reach US$ 1144 million by 2027, from US$ 551 million in 2020, at a CAGR of 8.6% during 2021-2027.
In global market, the Underground Mining segment is an important type, but in Saudi Arabia, over 90% of the overall demand for contract mining services is for surface mining activities.
In terms of mine type, in the past few years, Phosphate is the largest segment, with a share from 42% in 2016 to 47% in 2020, due to strong demand from global market. Aluminium mine is the second segment in Saudi Arabia, with a share about 34% in 2020, and in next six years, the gold mine will grow faster. Driven by the government policies and investment (Vision 2030), it is predicted the other mines like tantalum, bauxite will also have strong growth potential in future.
Currently, Ma'aden is the most important mine owner, has several Gold, phosphate, and aluminum projects in Saudi Arabia. According to our research, Ma'aden's cost in contracted services is roughly equal to about 10% of Ma'aden's total revenue in 2020 and 2021. But in 2016, this proportion is about 5%.
Ma'aden's awarded contracts include Fluor, Jac Rijk Al-Rushaid, Saudi Comedat, Daelim, Asamco Almarbaie, Byrnecut, SNC Lavalin, Sinopec Engineering Group and Hanwha E&C, China Huanqiu (HQC), etc. Al Masane Al Kobra (AMAK) is also important mine owner, its awarded contracts include SENET and China National Geological & Mining Corporation (CGM), etc.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the Saudi Arabia Contract Mining Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the Saudi Arabia Contract Mining Services market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the Saudi Arabia Contract Mining Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the Saudi Arabia Contract Mining Services market.
Saudi Arabia Contract Mining Services Scope and Market Size
Contract Mining Services market is segmented by players, by Mining Method, and by Mine Type. Players, stakeholders, and other participants in the Saudi Arabia Contract Mining Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Mining Method and by Mine Type in terms of revenue and forecast for the period 2016-2027.
Key companies in Saudi Arabia
Saudi Comedat
Fluor
Jac Rijk Al-Rushaid
Daelim
Byrnecut
Asamco Almarbaie
SENET
China National Geological & Mining Corporation (CGM)
SNC Lavalin
Sinopec Engineering Group
Hanwha E&C
China Huanqiu (HQC)
Segment by Mining Method
Underground Mining
Surface Mining
Segment by Mine Type
Phosphate Mine
Aluminium Mine
Gold Mine
Copper-zinc Mine and Others
Summary:
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