Survey of 600 thousand km2 to increase investment in mining

The Geological Survey Authority revealed the signing of 4 contracts with 4 international experts and consultants to survey 600,000 km2 of the mineral-rich Arabian Shield area, with the aim of accelerating exploration operations and supporting investment in the sector. This came during the visit of the Minister of Industry and Mineral Resources, Chairman of the Board of Directors of the Saudi Geological Survey, Bandar bin Ibrahim Al-Khorayef, to the authority yesterday to review the progress of the work of the eight initiatives of the authority and a presentation of the stages of transformation in the authority.

The CEO of the authority, Eng. Abdullah bin Muftar Al-Shamrani, said that the initiatives aim to raise the efficiency and output of technical work that achieves the aspirations of the Kingdom’s Vision 2030 in the field of mining, stressing the importance of advanced technical geological surveys to produce a high-accuracy geological database that supports aspects of local and international investment in the field of mining. .

Al-Shamrani confirmed that the authority signed and awarded during the last four contracts with international experts and consultants, to work in the implementation of the projects of the General Program for Geological Survey initiative, which is one of the most important initiatives of the comprehensive strategy for mining, explaining that this important stage aims to survey about 600,000 square kilometers of the shield area. Al-Arabiya, which is rich in minerals, in the west of the Kingdom, which ensures the achievement of the desired high quality, and pointed out that the sector depends on providing geological data, accelerating the exploration process, developing the value chain and attracting investments.

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