November 19, 2018 / 7:24 PM / 22 days ago

CORRECTED-Saudi energy minister says mining sector to be open to foreign investment

(Corrects day of the week in paragraph 1)

CAIRO, Nov 19 (Reuters) - Saudi energy minister Khalid al-Falih said on Monday the mining sector will be open to foreign investment after introducing the new mining law, Al-Arabiya TV reported.

The energy minister was quoted earlier saying that the Saudi king will inaugurate the Waad Al-Shamaal mining project on Thursday. The project will reportedly cost $22.7 billion.

Reporting by Nayera Abdallah; editing by David Evans

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