Saudi’s Vision 2030 economic development plan aims at increasing the mining sector’s economic contribution to USD 26 billion (SAR 97 billion), 18,000 times more than 2015 revenues of USD 140 million (SAR 520 million).
In mining, we will furnish incentives for and benefit from the exploration of the Kingdom’s mineral resources.
Saudi Vision 2030 (Official Brochure)
The plan also see’s job creation and economic diversification away from oil and gas dependency as key long-term goals. The sector currently accounts for 270,000 jobs but the target is to reach 400,000 by 2030.