Riyadh, April (پاکستان پوائنٹ نیوز 06 أبريل 2026ء) The program is part of Saudi Arabia’s ongoing transformation of the mining sector under Vision 2030, aimed at unlocking the Kingdom’s vast mineral potential and building resilient, end-to-end mineral value chains.
EEP Wave 3 provides a comprehensive enablement package to support exploration companies in strengthening project economics and improving progression from exploration to development.
Key enablement under EEP Wave 3 includes: Up to 25% cash incentives on eligible exploration expenditures, including drilling, laboratory testing, and geoscientific studies; Up to 15% salary cost support for employees residing in the Kingdom of Saudi Arabia, and coverage of up to 70% of total talent local salary costs during the first two years. Coverage of up to 100% of total talent local salary costs after the first two years, subject to program requirements.
The application submission stage for EEP Wave 3 opened on January 14 and runs until May 3, 2026. The initiative leverages Saudi Arabia’s investment-attractive environment, political stability, streamlined licensing framework, and integrated mine-to-market infrastructure.
- January 2028: Technical and financial verification of work programs and approval for enablement disbursement.
