Waad Al Shamaal Industrial
City in Saudi Arabia.
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Waste.
On Nov. 19, 2018, Reuters
noted:
RIYADH (Reuters) - Saudi Arabia’s King Salman will inaugurate on
Thursday the Waad Al-Shamaal project, a 440-square-km city for mining
industries in the country’s northern region, Al Arabiya TV said, quoting energy
minister Khalid al-Falih.
The project will cost 85
billion riyals ($22.7 billion) and create 10,000 jobs, Falih said. It is part
of an industrial scheme aimed at opening up Saudi’s north to development that
will boost job creation.
Mining is key to the
kingdom’s reform plan to diversify its economy away from hydrocarbons, as the
government aims to more than triple this sector’s contribution to the nation’s
economic output by 2030.
The area reportedly contains
500 million tonnes of phosphate ore. Saudi Arabia plans to open mining of the
country’s “vast untapped reserves” of bauxite, phosphate, gold, copper and
uranium.
Arab News says the
development “is expected to create 30,000 more jobs.”
Well.
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