The greatest mineralized belts found in Saudi Arabia to date are spread across 4,788 square kilometers and include five new exploration licenses.
Three of the permits are set aside for the Jabal Sayid location in Madinah and were made available to both domestic and international businesses.
According to a statement released by the Ministry of Industry and Mineral Resources, it encompasses 2,892 square kilometers and contains minerals such as lead, copper, zinc, gold, and silver.
The two licenses that remain are related to the 1,896 square kilometer Al-Hajjar Site in the Asir region, which is also home to gold, silver, copper, zinc, and lead.
With a valued at SR9.3 trillion ($2.4 trillion), Saudi Arabia’s mineral resources will be explored and developed more quickly thanks to this project.
This is consistent with Saudi Arabia’s goal of making mining the primary industrial pillar of the national economy. It also fits with the ministry’s objective to support the industry even further and add to current advancements in line with Saudi Vision 2030.
The statement went on to describe the phases of the competition, which are pre-qualification, information memorandum release, proposal evaluation, and winner announcement.
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