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.

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