Saudi mineral wealth could top $1.3 trillion amid Kingdom’s aggressive exploration plan

Arab News | Jan 9, 2022 at 11:12 PM
  • RIYADH: Saudi Arabia expects its mineral wealth to exceed earlier estimates of $1.3 trillion as the Kingdom plans to triple spending on the exploration of metals over the next three years.
  • The CEO hopes three points will be agreed on by attendees at next week’s Future Minerals Forum.
  • An advantage of the mining industry is that it’s not concentrated in the cities, and with more projects in remote areas, it can help to limit rural-urban migration across the Kingdom.