
Saudi authorities estimate the kingdom holds 500mn tonnes of phosphate ore, around seven per cent of global proven reserves. (Image source: Shibang/Pixabay)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz of Saudi Arabia has inaugurated the Waad Al Shamaal mining project, which is expected to boost the kingdom?s gross domestic product by US$6.4bn and its non-oil GDP by around three per cent