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The discovery of gold in this part of Medina is also special. This is because the former Umm al-Barak shield lacked gold ore.
Will attract local and international investors
According to reports, the discovery of new treasures of gold and copper ore in Saudi Arabia is expected to attract local and international investors. This discovery is also expected to create about four thousand new jobs.
Regarding this new discovery in Saudi Arabia, analysts say that this new discovery will create new opportunities for mining in Saudi Arabia. Also, more investment opportunities will open in this sector.
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The discovery of new gold and copper deposits will strengthen the Saudi government’s mining sector, which will become a cornerstone of Crown Prince Mohammed bin Salman’s Vision 2030. In this vision of MBS, Saudi Arabia wants to shift its economic dependence from oil to other things by 2030.
Saudi Arabia is the 18th largest holder of gold in the world and is particularly among the Arab countries in terms of gold reserves. In such a situation, getting new reserves of gold and copper will obviously benefit the Saudi government in future. Not only local but also investors from other countries will be attracted and good investment will be seen in future.
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