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 crown prince reassured of Palestinian president’s health

Saudi Crown Prince Mohammed bin Salman called the Palestinian leader. (SPA)
Updated 10 min 53 sec ago
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Saudi crown prince reassured of Palestinian president’s health

  • Abbas was hospitalized in the West Bank due to complications after minor surgery last week

JEDDAH: Saudi Crown Prince Mohammed bin Salman was reassured of the health of Palestinian President Mahmoud Abbas after calling the leader, the Saudi Press Agency reported early on Wednesday.
Abbas was hospitalized in the West Bank due to complications after minor surgery last week.
A Palestinian official in Ramallah said Abbas went back into hospital again later on Sunday because his temperature was high “so doctors advised that he go back into hospital.”
Prince Mohammed attended the Saudi Cabinet session late on Tuesday in which King Salman briefed the government on the contents of his call with the Palestinian leader.