Untapped Wealth: Saudi Northern Borders Region Boasts $1.2tr in Mineral Resources
The region hosts vast phosphate reserves, critical for fertilizer production and global food security. Wa'ad Al-Shamal's phosphate projects already rank Saudi Arabia among the world's top producers. High-quality silica sand, coal, dolomite, and limestone deposits further bolster its mining potential.
Ministry of Industry and Mineral Resources spokesperson Jarrah Al-Jarrah confirmed five phosphate sites and 29 active licenses, including 15 for construction materials. Minister Bandar Alkhorayef's upcoming visit to the region on Sunday will spotlight progress in industrial projects, emphasizing investor opportunities. His tour aligns with efforts to accelerate sector growth under Vision 2030. Vision 2030: Mining as Economic Catalyst
Saudi Arabia prioritizes mining to diversify revenues and create jobs, targeting $64 billion in sector contributions by 2030. Renewable energy integration, such as solar-powered processing plants, ensures sustainable development. These steps aim to position the Kingdom as a global mineral supplier while strengthening local value chains.
Collaborations with international firms and streamlined licensing processes aim to boost output and innovation. The Northern Borders Region's infrastructure upgrades and logistics networks will enhance export capacities. With transparency and eco-friendly practices, Saudi Arabia seeks to lead in ethical resource extraction, aligning with global sustainability standards.
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