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Saudi Ministry of Industry and Mineral Resources has announced that licences for five exploration sites across the kingdom, which contain significant deposits of copper, zinc, lead, iron, gold and silver, will be soon be auctioned.
The licences will be awarded under a new law that aims to accelerate foreign investment in the sector.
The government estimates the kingdom's unused mineral resources to be valued at $1.33-trillion.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Saudi Arabia aims to leverage an estimated $1.3tn worth of underexplored metals and minerals to support its sustainable development goals