KSA possess 323 tons of gold reserves underground

Saudi Arabia’s overall mining reserves are believed to be worth around 1.3 trillion dollars, with a massive underground gold deposit of 7,323 tonnes and investments of 7 billion riyals (1.8 billion dollars).

According to (SPA) report, gold production has achieved successive leaps since the launch of the “Kingdom’s Vision 2030” and its focus on developing the mining sector.

Official data revealed that the number of factories producing gold and silver bars in the Kingdom is about 6, with an investment volume exceeding 7 billion riyals.

There are 6 mines in the Kingdom, with a production volume of gold, up to 2020, 434 thousand ounces.