‎Saudi Arabia launches SAR 777 mln geological maps project for Arabian Shield

‎Saudi Arabia launches SAR 777 mln geological maps project for Arabian Shield

Minister of Industry and Mineral Resources, Chairman of the Saudi Geological Survey, Bandar bin Ibrahim Alkhorayef inaugurated today the detailed geological maps project for the Arabian Shield region, which will be implemented in partnership with the Chinese Geological Survey, at a value of SAR 777 million.

In his speech at the inauguration ceremony, Alkhorayef said that the geological maps project is the largest comprehensive strategic initiative for the mining sector in terms of the nature of the works, the volume of outputs and the coverage area. He added that it comprises the core of the General Program of Geographical Survey, a key element in achieving the objectives of Vision 2030 in the mining sector, and a first step towards making it the third pillar of the Saudi industry.

Moreover, the project will contribute significantly to determining the detailed digital geological data of the Arabian Shield and understanding the origin of the mineral deposits formed in this region, in addition to collecting important data that will strengthen the national geological database and the national library of drilling samples. Furthermore, all the collected data will be provided, which will provide Saudi and international investors with greater and clearer knowledge of the promising investment opportunities