11 Hrs
Source:
الاقتصادية
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50 Rawma Near New Market Opening
Saudi Arabia is preparing to launch a new commodities and metals market, with license applications ending on October 31. The goal is to regulate the trading of around 50 raw materials and develop the mining sector. The establishment of the market will help transfer part of the metals pricing processes to the local market, thereby enhancing transparency and creating price references based on supply and demand within the region. It also aims to increase liquidity and investment in the mining industry, provide tools for hedging against price volatility, and link the financial value of metals, which will contribute to better risk management and support Saudi Arabia's transformation into a regional hub for trading and financing commodities, leveraging its mineral wealth valued at over 9.4 trillion riyals.
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