Whalesbook
Vedanta Ltd. is significantly increasing its investment in Saudi Arabia, aiming to become a key player in the kingdom's burgeoning metals and mining sector. The Indian conglomerate has secured a license to explore for copper and gold in western Saudi Arabia, with exploration expected to begin within six to eight months. This move is part of Saudi Arabia's Vision 2030 economic diversification plan. Vedanta also plans to build copper processing facilities, backed by a $2 billion investment, and aims to create a full supply chain from mining to processing within the kingdom.