Published on Al Bawaba (http://www.albawaba.com)

4.5 tons of gold produced in Saudi Arabia annually

Published February 13th, 2002 - 03:00 GMT

An international Saudi specialist estimates Saudi Arabia’s gold production at 4.5 tons per annum, reported Al-Watan . Yet, the Kingdom’s gold consumption is estimated at 250 tons per annum. The Chief

An international Saudi specialist estimates Saudi Arabia’s gold production at 4.5 tons per annum, reported Al-Watan . Yet, the Kingdom’s gold consumption is estimated at 250 tons per annum. The Chief Director of the Saudi Al-Athim Trade and Industry Group, Ahmed Saleh Al-Athim, stated that gold sales in Saudi Arabia declined by 5.85 percent following the September 11 events. Al-Athim related the fall to a rise in local and global gold prices and a lack of nationalization laws for gold production. — (menareport.com) 

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