Saudi Arabia eyes $32bln investments for 9 projects

Saudi Arabian industry sector is seeking to attract investment of $32 billion in nine projects in the fields of mining and metals to bolster exports of metal products to local and global markets, the Saudi Press Agency (SPA) reported on May 6th, citing Minister of Industry and Mineral Resources Bandar Al-Khorayef.

Saudi industry ministry is considering 145 applications for exploration licenses submitted by foreign companies

The underway projects include a steel panels factory with investments of over $4 billion, along with a $2 billion electrical vehicles (EV) battery plant, the minister revealed.

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