Saudi mining facilities hit 360 as Kingdom launches database for investors

Arab News | Dec 11, 2021 at 4:27 PM
  • Saudi Arabia sees increase in mining complexes as the Kingdom launched huge database to channel more investments into the sector that is poised to become the third income source for state funds.
  • The number of mining complexes in Saudi Arabia has reached 360 with the Makkah region taking the lead with 72.
  • The Saudi Industrial Development Fund is also offering 60 percent loans to investors in a bid to attract global players into the Kingdom, while the Ministry of Industry and Mineral Resources is investing $3.7 billion in the sector.