Saudi Arabia increases number of mineral production factories
The Saudi government is seeking more investment for the mining of minerals in the country as part of its economic diversification plans.
Saudi Arabia is continuing its efforts to boost its production of minerals.
The official Saudi Press Agency reported today that more 1,290 factories are now producing mineral products in Saudi industrial cities, citing the Saudi Authority for Industrial Cities and Technology Zones, aka Modon. Increased domestic and international investment helped increase the number of mineral factories, according to Modon.
Saudi Arabia boasts the largest mineral reserves in the Middle East. The kingdom is particularly rich in gold, silver, lead, and tin, among others, according to the Riyadh-based National Industrial Development Center.
The production of minerals is a major part of Saudi Arabia’s Vision 2030, which is an endeavor to diversify the Gulf state’s economy away from dependence on oil.
