Digging Deep
Saudi Arabia rolls out $182 million for mineral exploration
The kingdom is seeking to wean its economy off oil and play a role in the energy transition
A phosphate rock production site at the Maaden Aluminium Factory in Ras Al-Khair Industrial area near Jubail City, Saudi Arabia. (Photo: Getty Images)
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As Saudi Arabia seeks to reduce its economic dependence on oil, the kingdom has rolled out a $182 million package of grants aimed at encouraging mining companies to explore for new mineral resources.
The incentive program was announced on...