Qassim: Mineral Wealth Worth Over SAR122 Billion

The Qassim Region is rich in untapped mineral resources valued at SAR122.3 billion, constituting significant natural wealth that the Kingdom seeks to exploit in line with the Saudi Vision 2030, which aims to diversify the national economy by making mining a substantial source of income.


According to Ministry of Industry and Mineral Resources Spokesperson Jarrah Al-Jarrah, Qassim is abundant in high-quality mineral ores, including precious metals like gold, silver, copper, and lead, as well as tin, granite, tungsten, and molybdenum. The region’s estimated mineral wealth includes SAR87.7 billion in gold, SAR24.6 billion in bauxite, SAR4.7 billion in zinc, SAR4 billion in copper, and SAR1.4 billion in silver.


He said that Qassim boasts several mineral belts for gold, copper, zinc, and lead, as well as eight phosphate sites and a bauxite mining complex. He noted that the region features 32 mining complexes dedicated to construction materials, including 17 for gravel, nine for sand, and six for aggregate materials.


The ministry spokesperson added that the industrial sector in Qassim is thriving, with 580 factories operating across the region. Approximately 84% of these facilities are concentrated in Buraidah, Unaizah, Al-Rass, and Al-Badai. Key industrial sectors include food products, beverages, basic products, pharmaceutical preparations, and rubber and plastic products.


Al-Jarrah also said that the industrial workforce in Qassim comprises 35,000 employees, with women making up over 15%, reflecting the Kingdom’s efforts to empower women in the industrial sector.


Minister of Industry and Mineral Resources Bandar Alkhorayef is currently visiting the region to inaugurate several projects in the industrial cities affiliated with the Saudi Authority for Industrial Cities and Technology Zones (MODON). He is also due to attend the launch of the Youth Industry Forum in Qassim, which aims to qualify national talents in the industrial sector through workshops and career guidance sessions.


The minister will witness the launch of initiatives to develop human capacities in industry and mining and visit several factories to meet with industrial investors.

Source: spa.gov.sa

Latest

Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...
the financial
the financial
Top platform for impactful conferences, news, and networking opportunities. Stay Connected. Stay Informed. Stay Ahead with The Financial

Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to Rs 250 crore to B8 Fund I, a newly launched scheme under B8 Trust, marking...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has raised $10 million in a Seed funding round led by Bessemer Venture Partners, with participation from noa. The...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million seed funding round led by Susquehanna Asia VC with participation from Lightspeed, B Capital, Seaborne Capital, Beenext,...