Saudi Geological Survey signs contracts worth over $530m

The program takes a three-pronged approach that includes advanced atmospheric geophysical surveys, multicomponent geochemical surveys and production of detailed geological maps. (SPA)
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Updated 19 October 2020

Saudi Geological Survey signs contracts worth over $530m

  • Six-year long program will help boost the Kingdom’s mining sector

RIYADH: The Saudi Geological Survey (SGS) on Sunday signed several contracts with international organizations and consultants to carry out projects related to the geological survey general program.

It is one of the largest geological surveys in the world, with the budget for all its stages amounting to SR2 billion (over $530 million).

The signing ceremony was held under the auspices of Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and was attended by Investment Minister Khalid Al-Faleh, Transport Minister Saleh Al-Jasser, foreign envoys and representatives of the international firms awarded the contracts.

Alkhorayef said signing these contracts marks the beginning of the Kingdom’s massive data collection efforts. “It is the first step toward making the mining sector the third pillar” of the Saudi industrial landscape, he said.

The minister said the program will ensure gathering more reliable and accurate data about the Kingdom’s mineral resources, which will help the relevant authorities tap into the vast mineral wealth and lay a solid foundation for a sustainable national economy.

The program takes a three-pronged approach that includes advanced atmospheric geophysical surveys, multicomponent geochemical surveys and production of detailed geological maps.

Providing details about the contract in a statement, the SGS said one of the contracts includes a technical partnership deal with a consortium including International Geoscience Services Co. and Geological Survey of Finland.

A multicomponent geochemical survey contract for the Arabian Shield has been awarded to China Geological Survey. It is aimed at collecting and analyzing more than 110,000 samples of valley sediments and heavy metals in the Arabian Shield over the next 6 years.

Dr. Zhong Ziran, China’s vice minister for geological survey, said that the contract marked the beginning of a great cooperation between Saudi Arabia and China.

The SGS awarded the contract for advanced aerial geophysical survey contract for Sector No. 1 of the Arabian Shield to Sander Geophysics Ltd.

Under the deal, the company will collect and analyze geophysical data, produce various digital geophysical maps, and identify rock formations and evidence of mineralization in the region.

The program currently aims to survey nearly 600,000 sq. km. of the mineral-rich Arabian Shield region.

The other three contracts were awarded to Xcalibur Airborne Geophysics to carry out advanced aerial geophysical survey of sectors 2 and 3 of the Arabian Shield.

Simon Bush, CEO of Xcalibur, said: “It gives me great pleasure to work with the Saudi Geological Survey.”

All these programs seek to boost the contribution of the mining sector to the Kingdom gross domestic product and create 220,000 new jobs.


Sweden bans Huawei, ZTE from upcoming 5G networks

Updated 30 sec ago

Sweden bans Huawei, ZTE from upcoming 5G networks

  • European governments have been reviewing the role of Chinese companies in building their networks
  • Sweden’s security service called China ‘one of the biggest threats against Sweden’

STOCKHOLM: Swedish regulators on Tuesday banned the use of telecom equipment from China’s Huawei and ZTE in its 5G network ahead of the spectrum auction scheduled for next month.
The Swedish Post and Telecom Authority (PTS) said auctions the setting of the license conditions followed assessments by the Swedish Armed Forces and security service.
European governments have been reviewing the role of Chinese companies in building their networks following pressure from the United States, which says they pose a security threat because, among other concerns, Chinese companies and citizens must by law aid the state in intelligence gathering.
Sweden’s security service called China “one of the biggest threats against Sweden.”
The United Kingdom in July ordered Huawei equipment to be purged completely from Britain’s 5G network by 2027, becoming one of the first European countries to do so.
Huawei and ZTE did not immediately respond to requests for comment on the decision by Sweden, home to Ericsson, one of Europe’s leading telecoms equipment suppliers.
“The ban leaves network operators with less options and risks slowing the rollout of 5G in markets where competition is reduced,” said Ben Wood, chief of research at CCS Insight.
The ban is likely to benefit rival telecom equipment makers Ericsson and Finland’s Nokia.
PTS said companies taking part in the auction must remove Huawei and ZTE gear from existing central functions by Jan. 1, 2025.
The regulator defined central functions as equipment used to build the radio access network, the transmission network, the core network and the service and maintenance of the network.
PTS said the license conditions were decided to address the assessments made by the armed forces and security service.
It has approved the participation of Hi3G Access, Net4Mobility, Telia Sverige and Teracom in the planned spectrum auction of 3.5 GHz and 2.3 GHz, key bands crucial for the rollout of 5G.
Tele2 and Telenor will participate together as Net4Mobility to secure spectrum for a joint nationwide 5G network.
Tele2, which uses Huawei equipment in its network, which had earlier called Huawei an important vendor, said the PTS decision “does not change our plans substantially.”
“We may have to phase different costs differently between years to meet security conditions on time,” a spokesman told Reuters.
The 5G spectrum auction was originally planned for early 2020, but last year PTS said it would delay the auction due to a security review. PTS announced in April this year that the auction would begin in November.