$64bn

Gulf Business - - NEWS AND VIEWS -

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.

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