Saudi Arabia Harbor Uranium Reserves, with Large Deposits -Prince-minister of Energy Reveals

Prince-minister of Energy Abdulaziz bin Salman reveled that the Kingdom of Saudi Arabia possess Uranium reserves with large deposits, and that it “Will deal with its uranium reserves, in full transparency.

We will search for the appropriate partners,” he added, stating that we will exploit them, commercially, and in the best optimal way, noting that HRH Crown Prince Mohammad bin Salman is, heavily, focusing on local contents, and that there would be opportunities worth as much as SR2.8 trillion, related to the diverse local content, by 2030.”

These remarks were unfolded, as the Prince-minister was addressing the International Mining Conference, currently taking place, in Riyadh.

In addition, he announced the establishment of a company affiliated with “Maaden”, to secure resources we need to import from abroad, indicating that “There are expectations that the demand for minerals will rise by as much as 600%.