Skip to content Skip to Search
Skip navigation

Saudi mining firm to invest $319m to build four factories

Factory, Building, Architecture
The company’s expansion will allow it to introduce new product lines

Saudi Arabia’s Astra Mining is planning to build four new factories over the next five to seven years at an investment of up to SR1.2 billion ($319 million), Arab News reported, citing CEO Ali Al-Jabrah.

He stated that the company owns a land bank of 92,000 square meters that can take up to five factories.

Founded in 2011, Astra Mining operates a factory in Al Kharj Industrial City, producing calcium oxide, calcium hydroxide, and dololime.

Al-Jabrah said that the expansion plans will require an investment ranging from SR800 million to SR1.2 billion.

The company’s expansion will also allow it to introduce new product lines that will depend on the mineral resources provided.

Astra Mining has been producing 100,000 metric tons of industrial minerals annually since its inception and has recently expanded to 280,000 metric tons per year.

Earlier Saudi mining minister Bandar bin Ibrahim Al-Khorayef said that the kingdom has unused mineral resources worth about $1.33 trillion, with vast quantities of aluminium, phosphate, gold, copper and uranium.

Latest articles

An artist's impression of part of the Diriyah Square development

Diriyah Square planned for historic Riyadh district

A public space featuring 400 retail outlets and 100 restaurants and cafes is planned for the historic Riyadh district of Diriyah. Diriyah Square will be announced next week at the World Retail Congress in Paris and aims to attract a combination of international retail brands and local artisans.  Diriyah Gate Development Authority group CEO Jerry […]

Nature, Undersea cables account for as much as 90 percent of Europe-Asia telecommunications, Water

Iraq and Kuwait team up for European telecom corridor

Iraq’s Informatics and Telecommunication Public Company, a division of the Ministry of Communications, has signed an agreement with Kuwait’s Zajil Telecom to create a telecommunications corridor from the Gulf region to Europe, transiting through Iraq and Turkey. The new route will pass through Iraqi sea and land ports. Iraq’s minister of communications Hayam Al-Yasiri said […]

Passengers at Beijing Capital International Airport. Air China will fly from the airport to Riyadh three times a week.

Third Chinese airline to launch flights to Saudi Arabia

Air China is set to begin flights to Riyadh in May, becoming the third Chinese airline to establish a route to Saudi Arabia. It joins China Southern and Eastern Airlines in connecting China with the kingdom.  Air China’s Airbus A330-300 will serve the Beijing-Riyadh route three times a week. The expansion in capacity between the […]

Highway traffic in California. Opec said the upcoming 'driving season' in the US will provide the usual additional demand for fuel

Opec stands by predictions for oil demand growth

Opec predicts robust fuel use this summer and has stuck to last month’s forecast of relatively strong growth in oil demand in 2024 and 2025. The oil producers’ organisation predicted in its monthly report that global demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. […]