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Saudi Arabia sets its sights on a less glamorous source of wealth

Saudi Arabia sets its sights on a less glamorous source of wealth
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Saudi Arabia sets its sights on new, but less glamorous source of wealth | Matthew Martin, Fahad Abuljadayel & Thomas Biesheuvel

In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil though, the dynamo of Saudi Arabia’s economy the past 80 years. It’s another potential source of wealth and influence the kingdom now has its eye on. Having already used its energy…

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Amid Saudi construction boom, Kingdom turns to mining

ALBAWABA – Saudi Arabia is looking to tap into an estimated $1.3 trillion worth of metals, amid the ongoing Saudi construction boom that is already

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Saudi Arabia sets its sights on a less glamourous source of wealth

Having already used its energy riches to upend the worlds of sports, tourism and movies, Saudi Arabia’s Crown Prince Mohammed bin Salman is prepared to pour billions of dollars into tapping the more than $1.3 trillion of metals his government says is buried in places like this.

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Saudi Arabia Sets Its Sights on a Less Glamourous Source of Wealth – by Matthew Martin, Fahad Abuljadayel and Thomas Biesheuvel (Bloomberg News – September 6, 2023)

Saudi Arabia Sets Its Sights on a Less Glamourous Source of Wealth – by Matthew Martin, Fahad Abuljadayel and Thomas Biesheuvel (Bloomberg News – September 6, 2023)
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