Arab News, Saturday, Oct 17, 2020 | Safar 30, 1442
Saudi geologists aim to unlock Kingdom’s $1.3 trillion mineral wealth
Saudi Arabia: Saudi geologists are collaborating with
international colleagues to undertake a vast survey of the Kingdom’s mineral
reserves, estimated to be worth $1.3 trillion.
The Regional Geological Survey Program (RGP) aims to conduct a series of surveys
over the next six years that are set to provide new opportunities for
international mining investors.
The plan has a budget of SR2 billion and is being driven by the Saudi Geological
Survey which will survey an area of about 600,000 square kilometers across the
geological formation known as the Arabian Shield.
“With the assistance of global experts, and our growing expertise, we can unlock
the country’s mineral potential and train local and international geologists,”
said RGP Director Wadee Kashghari. “This will be supported by the advantage of
the country’s unique geological landscape with limited presence of vegetation
The survey represents a key component of the mining strategy that forms part of
Saudi Vision 2030. It will be conducted in collaboration with technical experts
and contractual partners from different countries such as Finland, China, the UK
and South Africa.
Some 500 technical staff are working on the program alongside international
The project also aims to help progress junior geological scientists through