Mining
AI Revolutionizes Saudi Arabia’s Mining Sector
Saudi Arabia is at a pivotal point, ready to leverage its substantial mineral resources to diversify its economy. This strategic move is in line with the country's Vision 2030, which aims to foster sustainable development and a future driven by technology, marking a shift towards economic diversification.In the past, mineral exploration relied heavily on fieldwork, geophysical surveys, and geological studies....
Saudi Arabia Enhances Mining Sector with HR Development
Saudi Arabia is advancing its mining sector's workforce expertise through a novel pact signed by the Human Resources Development Fund. This collaboration with the Saudi Arabian Mining Co., or Ma'aden, is set to enhance human capital within the industry. The memorandum of understanding underscores a shared ambition to foster human capabilities, consistent with Saudi Arabia's Vision 2030 goals of enabling...
Saudi Arabia Amplifies Mining Prospects for 2024
The Kingdom of Saudi Arabia is set to bolster its mining sector, with anticipations of burgeoning investment opportunities earmarked for 2024.In the sector's fifth exploration phase, attention will be centered on six distinct sites, where the focus will be on unearthing gold, copper, and zinc, covering an expanse of 940 square kilometers.Abdulrahman AlBelushi, the Assistant Deputy Minister for Mining Enablement...
Saudi Arabia’s Non-Oil Sector Surpasses 50% GDP Share
In a remarkable shift within its economy, Saudi Arabia's non-oil sector has eclipsed the 50% mark of the nation's GDP for the first time in 2023. It surged from a 47.4% share in 2015 to 51.7% over the span of eight years.Following the inception of the 'Vision 2030' program in 2016, the Kingdom has undergone substantial advancements, leading to the...
