Title: Saudi Arabia: Mining, Minerals and Fuel Resources
Headings: Saudi Arabia: Mining, Minerals and Fuel Resources
Saudi Arabia: Mining, Minerals and Fuel Resources
Overview of Resources
Metals
Fossil Fuels
Investment
Sources
G.P. Thomas
Citations
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Content: Saudi Arabia’s key natural resources include petroleum, natural gas, gold, copper, and iron ore. The country’s economy is primarily oil-based and is considered as the largest exporter of petroleum in the world. The GDP as of 2011 was $691.5 billion. Nearly six million foreign workers are employed in the petroleum and oil industry of Saudi Arabia. The country currently faces issues such as aquifer depletion, fast growing population, unemployment, and an economy that is over-dependent on petroleum production and prices. Overview of Resources
Saudi Arabia has nearly one-fifth of the world's proven petroleum reserves. The government has exclusive rights over all the mineral deposits of the state. In 2010, the production of low-grade iron ore, low-grade bauxite, cement, clays, ethane, methane, propane, direct-reduced iron, lead, and pozzolana increased. The map of Saudi Arabia. Image Credit: