Saudi Arabia seeks to more than triple mining revenue by 2030: minister

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Reuters CAIRO
Last Updated : Nov 26 2018 | 3:35 PM IST

CAIRO (Reuters) - Saudi Arabia aims to raise the contribution of the mining industry to the economy to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.

"We are seeking to develop the mining sector through the implementation of a comprehensive strategy ... and raise its contribution to GDP from $17 billion to $64 billion, with the generation of 160,000 additional jobs by 2030," Falih told a mining conference in Cairo.

(Reporting by Ahmed Tolba; Writing by Aidan Lewis; Editing by Edmund Blair)

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First Published: Nov 26 2018 | 3:24 PM IST

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