29-11-2016 20:14 via uk.news.yahoo.com

Saudi king showcases mining hub in push to move beyond oil

By Reem Shamseddine RAS AL-KHAIR, Saudi Arabia (Reuters) - Saudi Arabia's King Salman underlined the kingdom's intention to invest heavily in speeding up is diversification away from oil exports with the inauguration on Tuesday of a $35 billion (28 billion pounds) mining and minerals processing complex. Riyadh has tried to reduce the economy's reliance on oil for decades, but the challenge has become particularly urgent in the past couple of years as low prices have pushed state finances deep in
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