"Saudi Arabia Boosts Mineral Resource Value to $2.5 Trillion, Prepares for Increased Metals Demand"

Saudi Arabia has nearly doubled the value of its mineral resources to $2.5 trillion, with lucrative deals signed at its Future Minerals Forum. The resources include gold, copper, phosphate, and rare earth elements, offering new sources of wealth alongside its oil reserves. The government announced $20 billion in deals and aims to award foreign investors over 30 mining exploration licenses by 2024 as part of its Vision 2030 program to diversify the economy. The mining minister highlighted recent reforms and a new mineral exploration incentive program, expressing optimism about meeting the program's goals.