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Qassim’s Untapped Mineral Wealth

Exploring Saudi Arabia's $33 Billion Resource Potential

by Huda Marshad
October 10, 2024
in Mining
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The Qassim region in Saudi Arabia holds significant untapped mineral resources valued at approximately 122.3 billion Saudi riyals, or $33 billion. This information comes from a report by the state-owned news agency SPA.

According to Jarrah Al-Jarrah, a spokesperson for the Ministry of Industry and Mineral Resources, the region’s mineral reserves include a variety of valuable materials such as gold, silver, copper, lead, tin, granite, tungsten, and molybdenum.

The estimated value of these resources includes SAR87.7 billion ($23 billion) in gold, SAR24.6 billion ($6.6 billion) in bauxite, SAR4.7 billion ($1.3 billion) in zinc, SAR4 billion ($1.01 billion) in copper, and SAR1.4 billion ($373 million) in silver.

Additionally, Qassim is home to eight phosphate sites and a bauxite mining complex. The region also contains 32 mining complexes focused on construction materials, comprising 17 for gravel, nine for sand, and six for aggregate materials.

Tags: Bauxitegold miningMineral ResourcesQassim regionSaudi Arabia
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