Golden Compass Plans Heavy Equipment Fleet Expansion Under New Partnership

Dubai (PlantAndEquipment.com) - Golden Compass for Mining Services has formed an alliance with Thara Future Investments, with the aim to increase its heavy equipment fleet within the framework of a larger expansion strategy for Saudi Arabia's mining industry.

Thara Future Investments will acquire a strategic ownership share in Golden Compass as part of the arrangement, which will support operational capacity investment and long-term growth. The cooperation was revealed during the fifth Future Minerals Forum in Riyadh.

Golden Compass, co-owned by Naif Alrajhi Investment and Rasi Investment, intends to expand its heavy equipment fleet to meet rising demand in exploration, drilling, and mining activities. The fleet increase is part of a larger initiative that involves infrastructure investment, personnel development, and digitization.

The company's growth strategy is to improve its position as a national mining services provider, in line with Saudi Arabia's mining sector development ambitions. In addition to fleet expansion, the program invests in drilling rigs and supporting operational assets to improve service delivery at all levels of the mining value chain.