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Saudi mineral wealth totals 9.4 trillion riyals
The article contains details about the mineral riches in Saudi Arabia, where the estimated value of untapped resources is around 9.4 trillion riyals, with more than 5,651 mining sites discovered up to 2024. The Kingdom aims to transform its resources into industrial value chains that include mining, processing, smelting, and manufacturing, especially in strategic minerals such as gold, copper, and rare earth elements. Saudi Arabia has also made significant progress in developing value chains for minerals like phosphate and aluminum, with increased exports and production rates, in addition to securing global mineral supplies through investments such as "Manara Minerals." The strategy aims to increase the sector's contribution to the gross domestic product to 240 billion riyals and achieve greater economic benefits from its mineral resources.
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