In 2024, Saudi Arabia’s mining sector will be thriving, with plans for the fifth round of exploration targeting six locations spanning 940 square km for gold, copper, and zinc. Over 500 exploration licenses have been granted, signalling significant growth. This progress is attributed to amended mining investment regulations. Saudi Arabia’s mineral wealth, estimated at SAR9.6 trillion (USD2.5 trillion), is a key focus for national industrial growth, particularly in sectors like automotive and aviation. Extensive geological surveys are underway, emphasizing the nation’s commitment to exploring its vast mineral resources for economic development.
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