$8 billion direct investments in the mining sector in the Kingdom during 2021
Huge mining machine

Bandar Al-Khorayef, Minister of Industry and Mineral Resources, confirmed that Saudi Arabia managed, during 2021, to attract direct investments in the mining sector with more than 8 billion dollars, and to issue 145 licenses, and mining revenues in the country increased by 27%.

During his opening speech at the International Conference on Mining and Resources in Australia, he said, the Kingdom has all the competitive advantages to become a center for sustainable mining development and growth, given its strategic location in the heart of the Middle East, Asia, Africa and Europe, with a developed infrastructure and a high local demand for minerals and metals. .