Saudi Arabia aims to enhance mining sector

30 Oct 2016

(MENAFN) The Ministry of Energy, Industry and Mineral Resources in KSA proclaimed that it aims to launch more investment licenses in the mining sector.

Moreover, the ministry also presented a new ongoing project that aims re-planning mining chances, knowing its details and offering them to investors.

Therefore, the efforts are being made to develop the sector and enhance its contribution to the GDP for the purpose of developing the domain to USD25bn by 2020.

In addition, the recent contribution of mining in GDP is 2.5 percent and the share is predicted to grow in case of new investments and chances.

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