Saudi Arabia has announced the discovery of a new mine of gold and copper ore in the Medina region of the Holy Land. Saudi Press Agency (SPA) reported the news.
According to reports, the Saudi Geological Survey (SGS) announced on Thursday that a gold mine has been discovered in Umm Al-Barak Hejaz in the Aba Al-Raha region of Madinah. Four copper mines were found in Al-Madiq area of Wadi Al-Fara region.
According to the Middle East Mirror, the new discoveries will attract local and international investors. Gold and copper mines are expected to contribute to the development of Saudi Arabia's national economy.
According to Al Arabiya news, the amount of investment in new discoveries may exceed 530 million US dollars. 4 thousand jobs can be created.
This discovery will advance the country's Crown Prince Mohammed bin Salman's 'Vision 2030'. Saudi Arabia's oil sales will also strengthen the economy
Last July, Saudi Arabia's Minister of Industry and Mineral Resources, Khalid Al-Mudaifar, said the country received 8 billion in foreign investment in the gold and copper mining industry last year. At the beginning of this year, it is said that by the end of the year 2022, they want to get 170 billion foreign investment in these mining trade.
Last May, the country's relevant ministry announced plans to invest 3,000 billion US dollars in the mining sector. Later last August, the Ministry of Industries and Mineral Resources gave preliminary approval to 13 bidders for the Ummal-Damar mining license.
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