Saudi Minister of Investment, Khaled Al-Falih, has revealed a substantial portfolio of investment opportunities worth around SR100 billion in the Northern Borders Region. Noting the presence of approximately 100 new investment prospects valued at SR20 billion, Al-Falih highlighted the additional existing opportunities valued at SR80 billion.
The Northern Borders Region holds a significant share of Saudi Arabia’s mineral wealth, constituting 25% with an estimated total value of SR1.2 trillion, as stated by Deputy Minister of Industry and Mineral Resources for Mining Affairs, Khaled Al-Mudaifer. Additionally, the region boasts approximately 7% of the world’s phosphate reserve, with ongoing investments totaling around SR85 billion in two stages.
Emphasizing the potential for renewable energy production, especially in response to global demand for green products with low carbon intensity, Al-Falih highlighted the region’s capacity to export electricity to neighboring countries like Iraq at a highly competitive cost.
In a ministerial session, Minister of Commerce Majed Al-Qasabi announced plans for a logistics zone in the city of Arar, backed by government support, including land grants and financial assistance for 20 years. The initiative aims to facilitate exporters and beneficiaries in both the Kingdom and Iraq.
Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadhli shared that Saudi Arabia is directing investments of approximately SR150 billion into the water sector, underlining the nation’s commitment to sustainable development and strategic resource management.
