The aerial geophysical survey of the Arabian Shield is scheduled to be implemented in three phases over a period of six years, according to Engineer Khaled Al-Mudaifer, Deputy Minister of Industry and Mineral Resources for Mining Affairs in Saudi Arabia, the first phase of which is for three years, and includes most of the area of the Arab shield, while the second phase lasts for two years, and covers nearly a third of the area of the Arab shield, and the third and last is for one year, and covers some areas targeted for study and data collection.
According to Arab Net, Al-Mudaifer added to Al-Eqtisadiah newspaper, that it is difficult to fully account for the number of minerals in the Kingdom, but there is work on continuous geological surveys, and currently in Saudi Arabia. More than 80 types of minerals are in various stages of reliability and stock knowledge, but only about 7 or 8% have been extracted so far.
He pointed out that the value of untapped minerals alone was estimated at about 5 trillion riyals ($1.3 trillion), and this is preliminary information, taking into account that it had More mineral deposits are discovered, as all the factors and data that attract investors to the mining sector from inside and outside the Kingdom will soon be available, whether with regard to the regulatory and legislative structure or the precise geological data structure that will be available to investors and those interested in exploring and extracting all types of minerals in the Kingdom’s lands. p>
