Written by 19:25 Business, News, Saudi Arabia

The Qassim Region of Saudi Arabia has Around $32 Billion in Unexplored Mineral Riches

The Qassim Region of Saudi Arabia has Around $32 Billion in Unexplored Mineral Riches

RIYADH: According to a Ministry of Industry and Mineral Resources spokeswoman, the Qassim region would play a significant role in Saudi Arabia’s Vision 2030 plan because of its SR122 billion ($32.5 billion) in untapped mineral riches.

According to a post by Jarrah bin Mohammed Al-Jarrah on X, lead, tin, granite, and tungsten are among the premium mineral ores that Qassim possesses.

With an estimated SR9.4 trillion in mineral resources, the mining industry is now at the forefront of national development plans due to the strategic focus on economic diversification.

The estimated total value of Qassim’s resources is SR122.3 billion, of which SR87.7 billion is gold, SR24.6 billion is bauxite, SR4.7 billion is zinc, SR4 billion is copper, and SR1.4 billion is silver.

Al-Jarrah pointed out that the area, around 400 kilometres northwest of Riyadh in the centre of Saudi Arabia, is home to 35 mineralised belts, including three for nickel, one for zinc, 15 for copper and lead, and 16 for gold.

In addition, Qassim contains 32 mining complexes for construction materials, including 17 for gravel, 9 for sand, and 6 for fill materials, as well as eight phosphate resource sites and a bauxite ore mining complex.

Also Read:

The Exhibition ‘Echoes of Time’ is an artistic Examination of Saudi Archaeology

How an AI-powered Platform Bridges linguistic and cultural Divides in Content Production

Visited 16 times, 1 visit(s) today
Close