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Saudi Arabia Mining Equipment Market by Equipment Category (Crushing, Pulverizing, and Screening Equipment, Drills & Breakers, Mineral Processing Equipment, Surface Mining Equipment, and Underground Mining Equipment), By Industry (Coal, Metal, and Minerals), By Propulsion (Diesel, Gasoline, and CNG/LNG/Others), By Equipment Type (Mining Trucks and LHD) – Opportunities & Forecast, 2020-2027
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Saudi Arabia, in its Sixth Five Year Plan, has established a goal of 9 percent, per annum, growth in the mining sector. The private sector, which to date has invested $4.53 million in the development of this sector is expected to lead the way in developing resources. Current mining activity generates a constant demand for foreign services and equipment to support the development of this sector
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Saudi Arabia’s mining sector continues to expand and provides a growing opportunity for U.S. companies. The government plans to make mining the third pillar of the economy, alongside oil and downstream petrochemical production. In March 2018, former Saudi Energy Minister Khalid Al-Falih announced that the Kingdom has $1.3 trillion worth of mining resources and aims to quadruple the size of
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Saudi Arabia’s mining sector continues to expand and provides a growing opportunity for U.S. companies. The government plans to make mining the third pillar of the economy, alongside oil and downstream petrochemical production. In March 2018, former Saudi Energy Minister Khalid Al-Falih announced that the Kingdom has $1.3 trillion worth of mining resources and aims to quadruple the size of
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