Saudi Mining Sector Increases 3.1% During Q1 2020

Saudi Mining Sector Increases 3.1% During Q1 2020

Saudi Arabia’s mining sector has achieved a growth rate of 3.1% during Q1 of the current year despite the exceptional circumstances of coronavirus, Saudi Press Agency reported.

According to Al Eqtisadiah newspaper, the mining sector will have a robust economic future in the kingdom, as the country is making industrial and economic diversification.

It is expected that this sector will increase its contribution in the country’s growth domestic products (GDP) to SAR 240 billion and that it will reduce imports by SAR 37 billion in addition to providing more than 200,000 jobs by 2030.

 

 

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