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

(REUTERS)
Updated 14 March 2017

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 health ministry announces 385 new COVID-19 cases

Updated 20 October 2020

Saudi health ministry announces 385 new COVID-19 cases

  • The number of people who contracted the disease in the Kingdom is now 342,968

RIYADH: Saudi Arabia has confirmed 385 new COVID-19 cases and 16 deaths over the last 24 hours.

The Ministry of Health said the new confirmed cases increase the number of people who contracted the disease in the Kingdom to 342,968. 

According to the ministry, the highest number of cases were recorded in Madinah with 59, followed by 31 in Yanbu, 27 in Makkah, and 23 in Riyadh. 

 The ministry also announced that 375 patients had recovered from COVID-19, bringing the total number of recoveries in the Kingdom to 329,270.

The recent deaths raise the total number of fatalities in the Kingdom to 5,217.