Saudi Arabia’s King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country’s northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih. The project will cost 85 billion riyals ($22.7 billion) and create 10,000 jobs, Falih said. It is part of an industrial scheme aimed at opening up Saudi’s north to development that will boost job creation. Mining is key to the kingdom’s reform plan to diversify its economy away from hydrocarbons, as the government aims to more than triple this sector’s contribution to the nation’s economic output by 2030. Saudi authorities estimate […]