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· Saudi Arabia's Vision 2030 framework identified mining as a potential driver towards diversifying the Saudi economy. The country has just implemented a new mining investment law and hopes to attract new investors that can harness Saudi Arabia's natural resources – government studies have indied Saudi Arabia's untapped potential mineral wealth could be as high as
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· The Mining Investment Law aims to attract foreign investors to the sector and boost the largely untapped mineral industry in Saudi Arabia as part of .
· Saudi Arabia is America's 22 ndlargest goods trading partner and the secondlargest goods export market in the Gulf region behind the UAE. goods exports in 2018 totaled billion, (down 17 percent from 2017); imports from Saudi Arabia totaled billion, resulting in a goods trade deficit of billion. Major export products include: transportation equipment ...
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Saudi Arabia's mining sector continues to expand and provides a growing opportunity for companies. The government plans to make mining the third pillar of the economy, alongside oil and downstream petrochemical production. In March 2018, former Saudi Energy Minister Khalid AlFalih announced that the Kingdom has trillion worth of mining resources and aims to quadruple the .
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