Saudi Arabia’s $2.5tn mineral reserves are reshaping its economy under Vision 2030. The Kingdom is unlocking vast deposits of rare earth elements, gold, phosphate, and titanium. These resources are driving industrial growth and reducing reliance on oil.
Experts confirm that Saudi Arabia’s $2.5tn mineral reserves could make it a global mining leader. The Northern Borders region alone holds SR4.6 trillion in resources, mainly phosphate. Waad Al-Shamal’s developments already place Saudi Arabia among top phosphate exporters.
Therefore, the mining sector’s GDP contribution is expected to surge from $17 billion in 2024 to $75 billion by 2030. Additionally, a $100 billion investment plan targets critical minerals by 2035. Geologist Saurabh Priyadarshi highlights Saudi Arabia’s potential in gold, copper, and lithium.
Moreover, rising demand for battery metals supports this expansion. As decarbonization grows worldwide, Saudi Arabia aims to leverage its resources for industrial growth. The Kingdom is also prioritizing public-private partnerships and advanced technologies.
Furthermore, economic adviser Mansour Ahmed calls mining a cornerstone of Vision 2030. He says untapped reserves are vital for the global energy transition. Mining cities and downstream hubs will maximize local value and create jobs.
Ras Al-Khair’s aluminum smelter and Yanbu’s battery complex show Saudi Arabia’s industrial progress. The Kingdom has even secured lithium processing, a first in the Middle East. Strategic investments, like stakes in Vale’s base metals division, strengthen its position.
Reforms such as the Mining Investment Law and National Geological Database boost transparency. New entities like Manara Minerals and the Mining Fund attract investors. Sustainability is also key, with AI and automation reducing environmental impact.
Phosphate, rare earth elements, and gold remain the most strategic minerals. Phosphate supports food security, while rare earths power EVs and tech. Gold retains financial value, and copper aids electrification.
Clearly, Saudi Arabia’s $2.5tn mineral reserves are fueling an industrial revolution. With smart policies and global partnerships, the Kingdom is securing its economic future.
