Saudi Arabia's Bold Pursuit of 'New Oil': Aims to Unlock $64 Billion Mining Revenue by 2030
2025-01-17
MSN
Saudi Arabia is set to diversify its economy by tapping into the lucrative mining industry, with a focus on lithium extraction, as part of its Vision 2030 plan. Backed by industry giants Aramco and Ma'aden, the country aims to capitalize on the rising demand for electric vehicles (EVs) and boost its mining revenue to $64 billion by 2030, leveraging its rich mineral resources and strategic partnerships to become a major player in the global mining sector, driving economic growth and sustainability.
