The mining sector in Saudi Arabia is witnessing growth and development with more investment opportunities expected to be proposed in 2024. Six locations will be the targets of the fifth round of exploration. They include gold, copper and zinc and span an area of 940 square kms. Assistant Deputy Minister for Mining Enablement at the Ministry of Industry and Mineral Resources Abdulrahman AlBelushi told Asharq Al-Awsat that the ministry has granted over 500 exploration licenses.
New incubator will promote sustainable mining in Saudi Arabia arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia s abundant mineral wealth, estimated at SR9.4 trillion ($2.5 trillion), presents a crucial opportunity to expand non-oil revenue streams alongside the oil and petrochemical industries.
The Saudi Heritage Commission has announced the discovery of new evidence of human settlement in Umm Jirsan cave "Harrat Khaybar", located in Madinah Region. The research was conducted by the Heritage Commission of the Ministry of Culture with the participation of some archaeologists from the commission and in collaboration with King Saud University, the Max Planck Institute, and the Saudi Geological Survey through the "Green Arabian Peninsula project," which focuses on multidisciplinary field research, the Saudi Heritage Commission said in a statement.