Saudi mining exports rise 80% as sector transforms, says vice minister
RIYADH: Saudi Arabia’s mining exports have jumped about 80 percent, driven by rising production of phosphate, iron, aluminum, copper and gold, as the Kingdom accelerates efforts to become a global hub for mineral resources, a senior official said.
Vice Minister of Industry and Mineral Resources for Mining Affairs Khalid Al-Mudaifer said current and planned investments in the sector are valued at SR180 billion ($48 billion), according to state broadcaster Al-Ekhbariya.
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