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Qassim’s Untapped Mineral Wealth Revealed

Exploring Saudi Arabia's mineral resources and industrial growth

by Huda Marshad
October 10, 2024
in Mining
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The Qassim region in Saudi Arabia holds untapped mineral resources worth SR122.3 billion ($32.6 billion), according to the Ministry of Industry and Mineral Resources. This aligns with Saudi Vision 2030, which aims to diversify the economy by making mining a key income source.

Spokesperson Jarrah Al Jarrah highlighted that Qassim is rich in high-quality mineral ores, such as gold, silver, copper, and lead, along with tin, granite, tungsten, and molybdenum.

Valuable Mineral Resources

Qassim’s mineral wealth is estimated as follows:

  • Gold: SR87.7 billion ($23.4 billion)
  • Bauxite: SR24.6 billion ($6.6 billion)
  • Zinc: SR4.7 billion
  • Copper: SR4 billion
  • Silver: SR1.4 billion

The region contains several mineral belts and sites, including eight phosphate locations and a bauxite mining complex. Additionally, it hosts 32 mining complexes for construction materials.

Industrial Growth

Qassim’s industrial sector is thriving, with 580 factories, primarily in Buraidah, Unaizah, Al Rass, and Al Badai. Key sectors include food products, beverages, pharmaceuticals, and rubber and plastic products.

The industrial workforce totals 35,000, with women comprising over 15%, reflecting efforts to empower women in the sector.

Ministerial Visit and Initiatives

Minister of Industry and Mineral Resources Bandar Alkhorayef is visiting Qassim to inaugurate projects in the industrial cities managed by MODON. He will also attend the Youth Industry Forum, which aims to develop national talents through workshops and career guidance.

The visit includes launching initiatives to enhance human capacities in industry and mining and meeting with industrial investors.

Tags: Industrial GrowthMineral ResourcesMining IndustryQassim mineralsSaudi Vision 2030
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