Saudi Arabia Announces Discovery Of Huge Gold And Copper Deposits In Madina

Saudi Arabia announces discovery of huge gold and copper deposits in Madina

The Saudi Geological Survey announced the find on Twitter. (Pixabay / Profile photo)

Saudi Arabia recently announced the discovery of new gold and copper ore deposits in the holy city of Medina.

In one Posts on TwitterThe Saudi Geological Survey announced that the gold ore discoveries are within the boundaries of Aba al-Raha, in the Medina region. Copper ore was also discovered at four sites in the Al-Madiq area of ​​the Wadi Al-Faraa region in Madina, officials said. speak.

“With our discoveries, we open the door to many promising investment opportunities for the world,” the kingdom’s geological survey wrote on social media.

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According to a report by Al ArabiyaThese new discoveries are expected to attract domestic and international investors, contributing to the development of the national economy. Officials believe the newly discovered site has an expected investment of $533 million and is also expected to create about 4,000 jobs.

The new discoveries will represent a qualitative leap for UK mining and open up more prospects for promising investment opportunities, say analysts. know.

In January, Professor Abdulaziz bin Labon, President of the Association for Cooperation of Saudi Geologists, said that Saudi Arabia is home to more than 5,300 mineral sites, adding that they include includes a wide range of metallic and non-metallic stones, construction materials, decorative stones and precious stones.

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Mining is one of the sectors that have been identified for expansion as part of the Vision 2030 goal set by Crown Prince Mohammed bin Salman. Based on Al ArabiyaIn June, the Crown Prince announced national priorities for research and development. In May, the UK’s Department of Industry and Mineral Resources outlined a plan to attract $32 billion in investment in the mining sector.

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