Saudi Arabia has claimed the finding of fresh gold and copper ore resources in Medina, the holy city. The Saudi Geological Survey announced on Twitter that gold ore had been discovered within the limits of Aba al-Raha in the Medina area. Officials say that copper ore was also found in four places in the Al-Madiq district of Medina’s Wadi Al-Faraa area.


“With our discoveries, we open up more potential for exciting investment opportunities around the world,” the Kingdom’s geological survey tweeted. According to Al Arabiya, the fresh discoveries are now expected to attract local and foreign investors, contributing to the national economy’s development. Further ,officials estimate that the newly discovered location will require $533 million in investment and will create approximately 4,000 jobs.

According to the outlet, the new discoveries will represent a qualitative leap for mining in the Kingdom and open up more potential for promising investment options. According to Professor Abdulaziz bin Labon, Chairman of the Saudi Geologists’ Cooperative Association, Saudi Arabia has about 5,300 mineral localities, which include a variety of metal and nonmetal rocks, building materials, decorative rocks, and jewels.

Also, mining is one of the areas designated for expansion as part of Crown Prince Mohammed bin Salman’s Vision 2030 initiative. According to Al Arabiya, the Crown Prince outlined the national priorities for the research and development industry back in June. In May, the Ministry of Industry and Mineral Resources of the Kingdom said it wanted to get $32 billion in mining investments.

About  Saudi Arabia

Saudi Arabia, formally the Kingdom of Saudi Arabia, is a country on the Arabian Peninsula in Western Asia. Moreover, with a land area of around 2,150,000 km2, it is the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia (830,000 sq mi).

Also, the Red Sea borders it on the west; Jordan, Iraq, and Kuwait on the north; the Persian Gulf, Qatar, and the United Arab Emirates on the east; Oman on the southeast; and Yemen on the south. Bahrain is an island country off the Persian Gulf’s east coast.

Further, the Gulf of Aqaba separates Saudi Arabia and Egypt in the northwest. Saudi Arabia is the only country in the world with coasts on both the Red Sea and the Persian Gulf, and its terrain is predominantly made up of dry desert, lowland, steppe, and mountains. The capital and largest city are Riyadh. Mecca and Medina, Islam’s two holiest cities, are located in the country.

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