Mines and Money ’15: Middle East swelling investment in industrial minerals

By Laura Syrett
Published: Monday, 30 November 2015

The GCC’s historical reliance on hydrocarbons has made the Arab region one of the richest in the world, but with the downturn in oil and gas prices, Middle Eastern countries are looking at industrial minerals investments and at establishing local beneficiation capacity as a way of diversifying their economies.

Middle Eastern investment in industrial mineral projects is on the rise as the region looks to diversify against its historic reliance on oil and gas.

Speaking at the Mines and Money 2015 meeting in London today, Mohamed Mughal, CEO of Dubai-based First Forte Consultancy, said that the Gulf Cooperation Council (GCC) states were...

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