Saudi Arabia Plans to Earn $75 Billion Annually from Mining by 2035

September 30, 2020 14:03:47

The Saudi Geological Survey reports that the mining sector’s goal is to increase its contribution to the GDP to 281 billion riyals ($75 billion USD) annually from 64 billion riyals ($17 billion USD) by 2035. It is estimated that the value of unexploited minerals is roughly 5 trillion royals ($1.3 trillion USD), this is considering that more minerals may be discovered.

In the last three years, the body has focused on the development and implementation of the regional geological survey program. This is a multi-disciplinary project whose first phase was launched in a geological area commonly…


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