Saudi Arabia's Metals and Minerals Industry to See Significant Growth

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Kingdom of Saudi Arabia's Metals and Minerals Industry is going through a significant economic diversification, driven by strategic initiatives, technological advancements and energy transition, as the kingdom expects to invest US$100 billion by 2030 and beyond. This robust growth is aligned with the government's Vision 2030, which aims to significantly expand the country's exploration for lithium, as well as for other critical minerals and rare earth elements including copper, gold, zinc, phosphate and nickel.

Vision 2030 is the keystone of Saudi Arabia's economic diversification plan and aims to reduce heavy reliance on oil and gas exports by fostering the development of non-oil sectors, including manufacturing. The initiative has led to the establishment of industrial zones, transportation networks and energy supply systems, creating a fertile ground for manufacturing growth.

Industrial Info is tracking 60 capital-spending metals and mining projects, worth US$7.4 billion, in Saudi Arabia. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list of project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).