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MINING/MINERALS

With major undiscovered reserves, Saudi Arabia is well placed to exploit fast-growing national and regional demand

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With its limitless need for everything from steel for construction and manufacturing to barites for the oil & gas sector and ceramics for construction, Saudi Arabia is the world’s fourth largest importer of mined commodities, despite having estimated reserves of well over a trillion US dollars, across 30+ value chains. 

A coordinated development program aims to address the situation, including major capital investments, relaxation of legislation to help attract foreign investment, and a build up of manpower and local skills. The program’s objectives include a 10x increase in national gold production, and world rankings of 3rd place and top 10 respectively in fertilizers and aluminium.

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