Saudi Gazette report
ARAR —
Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer has confirmed that the Northern Border region contains 25% of Saudi Arabia’s mineral wealth, with a total value of SR1.2 trillion.
Eng. Al-Mudaifer made the remarks while participating in the Northern Border Investment Forum 2023 in Arar. He pointed out that the competitive advantage of the region is great with the presence of phosphate.
Saudi Arabia has invested more than SR120 billion in infrastructure to support and make projects successful, he said.
He also added that the Kingdom is working on studying the feasibility of the Phosphate 4 and Phosphate 5 projects, with a value of approximately SR80 billion.
Eng. Al-Mudaifer said that the factories in the Northern Border region will be the basis for building a modern industry with components and investments that will exceed SR220 billion before the end of 2035.
Provided by SyndiGate Media Inc. (Syndigate.info).
News Related-
AWS and Clarity AI to use generative AI to boost sustainable investments
-
Ref Watch: 'Enough' of a foul to disallow Man City goal vs Liverpool
-
Day in the Life: Ex-England rugby star on organising this year's Emirates Dubai Sevens
-
Pandya returns to MI, Green goes to RCB
-
Snowstorm kills eight in Ukraine and Moldova, hundreds of towns lose power
-
‘This is why fewer Sikhs visiting gurdwaras abroad’: BJP after Indian envoy heckled in Long Island
-
Inside a Dubai home with upcycled furniture and zero waste
-
Captain Turner aims for Pitch 1 return as JESS bid to retain Dubai Sevens U19 crown
-
No Antoine Dupont but Dubai still set to launch new era for sevens
-
Why ESG investors are concerned about AI
-
Your campsite can harm the environment
-
Mubadala, Saudi Fund deals on US radar for potential China angle
-
Abu Dhabi T10 season seven to kick off with thrilling double-header
-
Eight climate fiction, or cli-fi, books to consider before Cop28