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Saudi Arabia has secured $32 billion in mining investments as part of its drive to transform the sector and diversify the economy.
The projects—spanning iron, phosphate, aluminum, and copper—mark nearly one-third of the $100 billion the Kingdom aims to attract by 2030, according to Vice Minister Khalid Al-Mudaifer.
The Kingdom’s mineral exploration spending has quadrupled since 2018, now reaching $100 per sq. km, with a sharp 32% annual growth rate.
The sector is projected to grow its GDP contribution from $17 billion (2024) to $75 billion (2030), cementing mining as Saudi Arabia’s third economic pillar after oil and petrochemicals.
,SaudiArabia ,MiningInvestments ,Vision2030 ,SaudiMining ,EconomicDiversification ,FDI
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