Title: What Are The Major Natural Resources Of Saudi Arabia? - WorldAtlas
Headings: What Are The Major Natural Resources Of Saudi Arabia?
What Are The Major Natural Resources Of Saudi Arabia?
The Value of Natural Resources
Major Natural Resources
Oil
Natural Gas
Gold
Phosphate
Aluminum
Future Economic Plans

Content: The Kingdom is also bordered by both the Red Sea and the Persian Gulf. The country’s geology and size imply that the country has rich mineral resource deposits. Some of its primary natural resources include natural gas, petroleum, copper, gold, and iron ore. The country also recently began production of cement, low-grade bauxite, clay, propane, ethane, methane, and lead. The Arabian Shield located to the west of the country is particularly rich in gold, copper, silver, chromium, zinc, manganese, lead, tin, iron, tungsten, and aluminum. Sedimentary formations in the east are also known to contain feldspar, gypsum, salt, mica, and sulfur. Saudi Arabia is also a renowned source of rare and valuable minerals such as tantalum and niobium. The Value of Natural Resources
The country is ranked third globally in terms of natural resources wealth with the total value of natural resources valued at $34.4 trillion. Saudi Arabia is only beaten to the top spot by the US whose estimated value of natural resources is $45 trillion and Russia whose value of natural resources is estimated at $75.7 trillion. The nation’s GDP is $795.58 billion, and the meteoric rise of the nation's economy was primarily fueled by oil and gas extraction which turned the once underdeveloped nation into a modern state and global heavyweight.