According to Eng. Khalid Al-Mudaifer, the Vice Minister of Industry and Mineral Resources for Mining Affairs, the Northern Border region is home to approximately 25% of Saudi Arabia's total mineral wealth, which is valued at SR1.2 trillion.

Eng. Al-Mudaifer made these statements during his participation in the Northern Border Investment Forum 2023 in Arar. He emphasized the competitive advantage of the region, particularly due to the presence of valuable phosphate resources.

Additionally, Saudi Arabia has invested more than SR120 billion in infrastructure to support various projects in the region. The Kingdom is also exploring the feasibility of Phosphate 4 and Phosphate 5 projects, which are valued at around SR80 billion.

Eng. Al-Mudaifer further mentioned that the factories in the Northern Border region are expected to play a crucial role in developing a modern industry, with total components and investments exceeding SR220 billion by the end of 2035. This news underscores the economic potential and strategic importance of the Northern Border region in Saudi Arabia's mineral and industrial sectors.