Phosphate, gold, copper lead Saudi Arabia’s $1.3 trillion untapped mining market

Arab News | Jan 10, 2022 at 10:40 PM
  • Saudi Arabia holds an estimated $1.3 trillion worth of untapped mineral deposits — led by phosphate, gold and copper — according to the National Industrial Development and Logistics Program.
  • This will make the firm one of the top three global phosphate fertilizer producers, and place Saudi Arabia as the second largest phosphate fertilizer exporter in the world.
  • Under the Saudi Vision 2030 development plan, mining is positioned as the third pillar of the country’s economic development, after energy and petrochemicals.