Khartoum, (IINA) – Sudan’s Minister of Mineral Affairs Ahmed Sadiq Al-Karouri said on Wednesday that his country and Saudi Arabia have agreed to start exploring mineral resources in the Red Sea by 2020, Arab News reported.
The two Arab countries, which are on opposite sides of the Red Sea, have been considering methods since mid-1970s to exploit mineral deposits, which they believe lie 2,000 meters below sea level.
The proposed mining, which will include gold, copper, and silver, is expected to generate revenues of around $20 billion, Director General at Sudan’s Mining Ministry Mohamed Abu-Fatema said.