• En
    • ع
Monday, June 30, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

Vedanta’s $2B Copper Investment in Saudi Arabia

Boosting Saudi Arabia's mineral sector under Vision 2030

by Huda Marshad
November 26, 2024
in Mining
Copy Link شارك على فيسبوكشارك على تويتر

Vedanta Copper International, a subsidiary of Vedanta Ltd, has partnered with Saudi Arabia’s Ministry of Investment and Ministry of Industries & Mineral Resources to invest $2 billion in copper projects. This aligns with Saudi Arabia’s Vision 2030, aiming to significantly boost the minerals sector.

The projects include a 400 KTPA greenfield copper smelter and refinery and a 300 KTPA copper rod project. These initiatives will support Saudi Arabia’s goal to increase its minerals sector’s GDP contribution from $17 billion to $64 billion by 2030. The current copper demand in Saudi Arabia is approximately 365 KTPA, expected to more than double by 2035.

These projects will be located in Ras Al Khair Industrial City. Recent visits from Saudi officials to Vedanta’s India operations have paved the way for further discussions. Vedanta’s CEO of base metals, Chris Griffith, stated that these projects would enhance Saudi Arabia’s self-reliance in copper supply, tapping into its unexplored mineral potential.

This collaboration is expected to create thousands of jobs and contribute $19 billion to the national GDP, moving Saudi Arabia closer to copper self-sufficiency. It highlights a commitment to sustainable development and economic diversification, in line with Vision 2030.

Vedanta plans to start with a 125 KTPA copper rod mill project, investing about $30 million. With approvals in place and land acquired, construction will begin soon, aiming for full production by Q4 FY 2025-26.

Globally, copper demand is projected to rise 40% by 2040, driven by the energy transition and sustainable transportation needs. Achieving global warming targets will require substantial investment in renewable infrastructure, with global copper supply peaking in 2026. New projects like Vedanta’s are crucial to meet this growing demand.

Tags: Copper ProjectsMineral ResourcesSaudi ArabiaVedanta CopperVision 2030
Copy Link ShareShareTweetSend

Related Posts

Mining

Mining Licenses Drive Saudi Arabia’s Industrial Growth

May 30, 2025
Mining

Women in Mining Association Empowers Saudi Mining Sector

May 25, 2025
Mining

Rare Earth Supply Chain in Saudi Arabia: Maaden & MP Materials

May 20, 2025
Mining

Rare Earths Supply Chain: MP Materials & Saudi Arabia Deal

May 16, 2025
Mining

Mining Collaboration: Saudi Arabia and Indonesia Sign Agreement

April 19, 2025
Mining

Future Minerals Forum Secures $28.5B Deals

February 10, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025
Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

Feeder Shipping Growth in Saudi Arabia: A 2030 Powerhouse

April 19, 2025
King Salman Automotive Cluster Drives Saudi Automotive Growth

King Salman Automotive Cluster Drives Saudi Automotive Growth

April 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Storage energy transition Exploration Licenses Global Logistics Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Logistics Infrastructure Manufacturing Mineral Resources Mining Industry mining sector NEOM Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain supply chain innovation Supply Chain Management Sustainability Sustainable Development Vision 2030 Wind Energy wind power استثمار السعودية الطاقة الشمسية المركبات الكهربائية صناعة التعدين

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Commercial Vehicle Manufacturing in Saudi Arabia: Vision 2030 Drive
  • AI Transformation in Energy: Driving Efficiency & Sustainability
  • JD.com Expands Logistics with JoyExpress in Saudi Arabia
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program