Davos | Saudi Arabia is actively courting Australian miners and mining service companies as it tries to kickstart a $100 billion-a-year industry almost from scratch.
The government has just this month doubled its estimate of the country’s mineral wealth to $US2.5 trillion ($3.8 trillion), and wants to attract $US200 billion of investment by the end of the decade.
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Hans van Leeuwen is international economy editor for The Telegraph UK. He was previously The Australian Financial Review’s Europe correspondent.
