Saudi geologists aim to unlock Kingdom’s $1.3 trillion mineral wealth

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Thu, 2020-10-15 16:39

LONDON: Saudi geologists are collaborating with international colleagues to undertake a vast survey of the Kingdom’s mineral reserves, estimated to be worth $1.3 trillion.
The Regional Geological Survey Program (RGP) aims to conduct a series of surveys over the next six years that are set to provide new opportunities for international mining investors.
The plan has a budget of SR2 billion and is being driven by the Saudi Geological Survey which will survey an area of about 600,000 square kilometers across the geological formation known as the Arabian Shield.

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