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Saudi Arabia plans to increase the production of non-hydrocarbon minerals next year, in connection with which it intends to announce tenders for exploration work at the deposits of Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar-Ridaniyah, where there are deposits of ore, copper, iron, lead and zinc, reports Gazeta.ru with reference to the website of the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia.
Local and international organizations are invited to participate in tenders.
Saudi Arabia attracted more than 8 billion USD in foreign investment in the mining industry last year and plans to attract another 170 billion USD by 2030.
The ministry explains that financial injections into the mining industry are carried out within the framework of a program adopted in 2016 during the fall in world oil prices in order to diversify the national economy and reduce its dependence on hydrocarbon raw materials.