u

Saudi Arabia doubles estimate of its mineral wealth to $2.5trn as it eyes local and African resources


Issue 1183 - 11 Jan 2024 | 2 minute read

The Saudi government said its non-oil mineral resources are now thought to be worth some $2.5trn, based on recent discoveries and rising demand for rare earth elements. It is following the UAE’s lead in looking to strike deals with African mineral producers such as Democratic Republic of Congo.

Want to read more?

Subscriber only content

An active subscription is required to view this article

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:


View a selection of Free articles

Explore subscription options

Follow us on Google News