Saudi Arabia’s Northern Borders Region boasts an abundance of mineral resources, valued at more than SR4.669tn ($1.2tn). These resources form part of the Kingdom’s vast mineral reserves, which are being explored and developed in alignment with Saudi Vision 2030. The initiative aims to establish mining as a key contributor to economic diversification and national income. Saudi mining industry The region is home to significant phosphate deposits, a critical component in ensuring both local and global food security due to its essential role in agricultural fertiliser production. Phosphate production projects in Wa’ad Al-Shamal City have positioned Saudi Arabia among the world’s largest producers and exporters of phosphate. Ministry of Industry and Mineral Resources Spokesperson Jarrah Al-Jarrah said that the Northern Borders Region contains high-quality mineral ores, with a total estimated value of SR4.6tn ($1.2tn). Minerals include: He also noted that the region includes five phosphate ore reserve sites and 29 active mining licences, comprising 15 licences for construction materials quarries and 14 exploitation licences. Minister of Industry and Mineral Resources Bandar Alkhorayef is scheduled to visit the Northern Borders Region on Sunday to inspect industrial and developmental projects. His visit aligns with the ministry’s efforts to stimulate local and international investments in the […]