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Saudi Arabia Announces Discovery of Huge Gold and Copper มูลค่ามหาศาล ที่เหมืองในเมืองเมดินา , ซาอุดิอาราเบีย
discovery of gold, copper ore in Madinah
Copper ore was discovered at four sites in the Al-Madiq area in the Wadi Al-Faraa region in Madinah
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BY ZAINAB MANSOOR
SEPTEMBER 16, 2022
"...These discoveries represent promising potentials for special copper deposits and add to the list of discoveries made during 2022, which will accelerate the pace of mining investment in the kingdom, the statement added.
In related news, Saudi Arabian mining company Ma’aden, reported a 85 per cent quarter-on-quarter rise in its Q2 net profit, equalling SAR4bn."
Read: Saudi mining giant Ma’aden reports H1 net profit increase of 232% to reach SAR6.2bn
In 2020, Saudi Arabia announced a new relief package of 27 measures to support the private industrial and mining sectors.
Read: Saudi launches new measures to support industrial and mining sectors
As per a report by Al Arabiya, the new discoveries are expected to attract local and international investors, which is expected to be up to $533 million, generating around 4,000 jobs.
Analysts say that the new discoveries will constitute a qualitative leap for mining in the Kingdom, and open up more prospects for promising investment opportunities.
It is noteworthy that Saudi Arabia ranks 18th in the world as the largest holder of gold, and tops the Arab countries in terms of its reserves.
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