Saudi mining, mineral sector offers USD19b worth of projects

30 Sep 2015

(MENAFN) Saudi Arabia announced organizing its first international mining and minerals conference and exhibition, seeking to boost the sector which offers USD19 billion worth of upstream and downstream projects.

Upstream projects (extraction, mining) under execution or pre-execution are worth USD4 billion, while downstream projects (mineral/metal processing plants) under execution or pre-execution are valued at USD15 billion.

“With the massive size and scale of opportunities involved, Saudi Arabia is keen on strategically developing an industry that will not only help diversify its economy,” MEED Projects chairman said.

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