Saudi Arabia’s Geological Survey Authority: A Key Player in Mining’s Future
The Saudi Geological Survey Authority is set to play a crucial role in the country’s mining industry over the next 25 years. As highlighted by the Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, the Authority is essential for uncovering valuable metal reserves like gold, zinc, and copper.
During a recent event marking the Authority’s 25th anniversary, Alkhorayef emphasized ongoing geological surveys and exploration efforts. These initiatives are designed to provide investors with critical data and transform mining into a significant economic pillar.
Speaking at the event, which was attended by notable figures including Prince Saud bin Mishaal bin Abdulaziz, Alkhorayef noted a significant increase in investment interest in the mining sector. The Authority is working with government entities to allocate sites for these investments.
Daily agreements are being signed, supporting both current investors and newcomers. The Authority’s data collection and digital platform have made Saudi Arabia a prime destination for mining investments, strengthening its global position.
Saudi Arabia has conducted extensive geological surveys, covering over 85% of its land using advanced techniques. This effort has significantly increased the estimated value of the Kingdom’s mineral resources from SAR 4.9 trillion in 2016 to SAR 9.4 trillion in early 2024.
The ceremony also unveiled a new logo for the Authority, symbolizing its geological identity and commitment to resource mapping and environmental awareness. Recognition was given to founding committee members and sponsors for their contributions.
Alkhorayef highlighted the completion of over 500 specialized projects, spanning geological mapping, mineral exploration, and hazard monitoring. He praised the Authority’s human resources, whose expertise has been vital to its success.
He concluded by acknowledging the national effort in mineral exploration over the past 25 years, leading to discoveries of key minerals such as phosphate, potassium, gold, and silver. These findings have boosted investments and driven the mining sector’s growth.
