Saudi Geological Survey plans to offer raw mineral exploitation projects to private sector

(REUTERS)
Updated 14 March 2017
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Saudi Geological Survey plans to offer raw mineral exploitation projects to private sector

JEDDAH: The Saudi Geological Survey (SGS) has revealed a plan to offer projects to the private sector aimed at exploiting mineral resources and sourcing raw materials locally instead of importing them, Aleqtisadiah newspaper reported.
SGS Chairman Zuhair Nawwab said the plan would be implemented after a feasibility study is completed to confirm that raw minerals are available in sufficient quantities.
Speaking on the sidelines of the first scientific symposium on industrial minerals and mining in Saudi Arabia at the SGS offices in Jeddah, Monday, he said that the plan is in line with the state’s Vision 2030 and its bid to diversify income sources and reduce dependence on oil.
Abdulrahman Bahawi of the SGS Department of Studies and Research said the symposium discussed how companies import raw materials that can be found in the Kingdom itself but remain unexploited. The market is being studied, including the quantities of minerals which exist in the country so as to identify the requirements of local industries, he said.
He said that producing raw materials domestically could cover local market demand if the raw products are found to be of good quality and in sufficient quantities.


Saudi king, crown prince condole with Khashoggi’s family and relatives

Updated 22 min 7 sec ago
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Saudi king, crown prince condole with Khashoggi’s family and relatives

  • King Salman and Crown Prince Mohammed bin Salman talked with the son of the late journalist on Sunday

JEDDAH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman have extended their condolences to the family and relatives of the late journalist Jamal Khashoggi, the Saudi Press Agency reported early Monday.
King Salman expressed his deepest sympathy in a telephone call Sunday to Salah Jamal Khashoggi, the son of the 59-year-old journalist, who died in Istanbul early this month.
The crown prince also condoled with Salah Jamal Khashoggi by phone, the SPA said.
Khashoggi's son thanked the king and the crown prince, the report added. 

Saudi Foreign Minister Adel Al-Jubeir earlier said that the death of Khashoggi was the result of a “rogue operation” by people acting beyond the scope of their authority.