Saudi Arabia is continuing to expand its economy through diversification. Saudi Gazette runs a release from the Saudi Press Agency (SPA) noting that all concerned ministries and corporate entities are lined up to support the development of a new ‘Mining City’ in the north of the country. A report from the Delegation for German Industry in Saudi Arabia and Yemen (AHK) notes that SR26 billion (US $7.7 billion) is being made. The city, near the Saudi border with Jordan, will produce phosphates and derivative products and ship them by rail to Ras Al-Khair Port in the Eastern Province. When operating, the City is expected to bring in SR15 billion (US $4 billion) annually.
There are a lot of jobs involved in creating, populating, and operating such a massive endeavor. Let’s hope that most of the jobs go to Saudis and not just manual laborers brought in from third world countries.
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