Riyadh – Mubasher: Saudi Arabia is planning to spend $3.8 billion (SAR 14.25 billion) to enhance mineral exploration.
In line with the kingdom’s major plan to diversify its economy and lure investments from the private sector, with total investments of SAR 1.6 trillion in ten years, the Saudi government is seeking to establish a strong mining sector, some officials told Reuters.
The planned investments will be injected through the National Industrial Development and Logistics Program (NIDLP), they added.
The Saudi government has determined 51 potential exploration projects, including 14 for gold mining, spread over 1,351 square kilometres.
