$64bn

Saudi Arabia aims to raise its mining revenues to $64bn from $17bn by 2030, according to energy minister Khalid Al Falih. Falih told a mining conference in Cairo that the level of geological reserves in Saudi Arabia exceed $1 trillion. “We are seeking to develop the mining sector through the implementation of a comprehensive strategy … and raise its contribution to GDP from $17bn to $64bn, with the generation of 160,000 additional jobs by 2030,” he said.