(MENAFN) The Saudi Maaden granted a USD825 million worth contract with Daelim Industrial Co. Ltd. (OOK) & Daelim Saudi Arabia Co. Ltd. (IK) to establish an ammonia plant, reported Arabe News.
The ammonia plant, a part of Maaden's phosphate project, is expected to be set in Ras Al-Khair by the end of 2016. The plant production capacity is estimated at 1.1 million tons.
The Saudi Mining Company said it will release more details in the near furtue.
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