Mining sectors registers 400 percent growth in KSA

05 Mar 2016

(MENAFN) Saudi Arabia’s mining sector logged an increase rate of almost 400 percent with investments value more than USD 66.63bn.

More than 2,000 investment licenses have been issued in this sector, to double the investments and to increase contributions in the national incomes.

In addition, there will be work to issue more mining exploration licenses in a way serving the interests of the present generation to come across balanced policies.

Investors in the cited sector have been ordered to make direct and indirect jobs for Saudi citizens, while there are 800 firms have obtained mining concession.

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