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Saudi Arabia advances critical minerals push

Saudi Arabia is stepping up its bid to become a global mining hub, launching a new bidding round for three mineral exploration zones to help it unlock an estimated $2.5 trillion in untapped mineral wealth.

Participants attend the Future Mineral Forum in Riyadh on January 10, 2024. (FAYEZ NURELDINE/AFP via Getty Images)

Welcome back to Al-Monitor Gulf.

This week, Saudi Arabia advanced its critical minerals push while also deepening ties with Moscow. Meanwhile, Qatar pushed plans to bypass Red Sea chokepoints with a new land-cable corridor and the IMF praised Oman’s strong economic turnaround. 

That and more in today's edition.

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