(MENAFN) Maaden, the Saudi Arabia Mining Co., has granted a USD600 million contract, as part of a USD7 billion program to construct a phosphate plant at Ras Al Khair, according to Arab News.
The plan aims to improve the Kingdom's economy, and develop the industrial city, Waad Al-Shimal City for Mining Industries, in the north of the Kingdom
The joint venture was made between Maaden, Saudi Basic Industries Corp. and Mosaic for the Umm Wual project.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.