🇺🇸🇸🇦 U.S. and Saudi Arabia Set to Finalize Major Mining and Minerals Agreement

The United States and Saudi Arabia are preparing to finalize a major deal in the mining and minerals sector, marking a significant step in strengthening bilateral ties. This agreement, which will be negotiated between the U.S. Department of Energy and Saudi Arabia’s Ministry of Industry and Mineral Resources, is set to play a key role in Saudi Arabia’s Vision 2030—a national strategy to diversify its economy and reduce its dependency on oil.

With an updated estimate of $2.5 trillion in mineral reserves, including key resources like gold, phosphate rock, bauxite, and rare earth elements, Saudi Arabia is positioning itself as a significant player in the global mining industry. This deal could provide crucial support for the Kingdom’s plans to tap into these valuable resources while developing its mining sector for both local use and international export.

The agreement is expected to deepen cooperation between the two nations in energy and resource management, and it comes at a time when the U.S. is actively seeking to secure access to critical minerals essential for various industries, including technology and defense.

In addition, the deal is likely to open doors for new investments and technological advancements in mining operations in Saudi Arabia. These developments align closely with the Kingdom's broader economic goals of fostering a more sustainable and diversified future.

This deal also coincides with U.S. President Donald Trump’s scheduled visit to Saudi Arabia next week, which signals a deepening relationship between the two countries across multiple sectors.

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