HomeWorldSaudi Arabia announces discovery of gold, copper deposits in Medina

Saudi Arabia announces discovery of gold, copper deposits in Medina

Saudi Arabia earlier this week announced the discovery of new sites for gold and copper ore deposits in the Medina region.

The Saudi Geological Survey (SGS), represented by the Survey and Mineral Exploration Center, reported that gold deposits were discovered within the boundaries of Aba al-Raha in the Medina region.

In addition, copper ore was also found at four sites in the Al-Madiq region of the same region, the report said.

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Helping the country move beyond its economic dependence on oil, Al Arabiya pointed out that the gold and copper discoveries are expected to attract investment of up to $533 million and create about 4,000 jobs.

Saudi Arabia said earlier this year that the country wanted to attract $170 billion in investment in its mining sector by the end of the decade. Al Arabiya said in its report that however, the pace of development and exploitation of the mine has been slow.


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