Saudi Arabia has announced that it possesses mineral resources worth about $2.5 trillion, including rare earth elements such as dysprosium, terbium, neodymium, and praseodymium. The declaration came during the Future Minerals Forum in Riyadh, where officials emphasized the country’s plan to expand its mining sector to reduce dependence on oil and strengthen geopolitical influence. The state-owned mining company Ma’aden also revealed plans to invest $110 billion in metals and mining over the next decade.
According to S&P Global, Saudi Arabia’s mineral exploration budget rose by 595 percent between 2021 and 2025, with faster licensing for domestic and international firms. Experts, however, cautioned that extraction and processing take years, with processing plants requiring three to five years to build, and sometimes more than 20 years. SAFE Minerals Center’s executive director Abigail Hunter noted that China remains far ahead of the United States in this sector due to decades of strategic investment and state-backed projects.
Saudi Arabia’s Vision 2030 identifies mining as a key pillar for economic diversification, and experts believe the country’s growing infrastructure could make it a regional hub for mineral processing.
আমার দেশ অনলাইন প্রকাশ : ২৩ জানুয়ারি ২০২৬, ২০: ০৯ আমার দেশ অনলাইন গ্রিনল্যান্ডের বিষয়ে একটি সম্ভাব্য চুক্তিতে পৌঁছেছেন মার্কিন প্রেসিডেন্ট ডোনাল্ড ট্রাম্প যেখানে বিরল মাটির খনিজ সম্পদের অধিকারকে অন্তর্ভুক্ত করা হয়েছে। বিরল খনিজের অধিকার নিয়ে বৈশ্বি
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