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Golden Compass for Mining Services has signed a strategic partnership agreement with Thara Future Investments to enhance its growth as a national mining services company in Saudi Arabia. Thara will acquire a strategic equity stake in Golden Compass, supporting the company's expansion plans announced during the Future Minerals Forum 2026 in Riyadh.

The partnership aims to strengthen Golden Compass's leadership in the mining sector, focusing on infrastructure investments, digitalization, and service portfolio development. Plans include expanding drilling rigs, establishing a data center, and developing a geochemical laboratory.

The investment will also enhance the heavy equipment fleet and train national talent, aligning with Saudi Arabia's Vision 2030 goals for economic diversification. Golden Compass has been operational for 11 years and has collaborated on numerous projects with government entities.