Procurement News Notice |
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| PNN | 88136 |
| Work Detail | The company has signed a contract for general construction works at Ras Al Khair with China National Chemical Engineering Company branch for approximately $325 million Saudi Arabian Mining Company (Maaden) has announced the signing of three major contracts worth a total of $922 million related to the development of its third phosphate fertilizer manufacturing project. The company has signed a contract for general construction works at Ras Al Khair with China National Chemical Engineering Company branch for approximately $325 million (SAR1.22 billion) for a period of 22 months. It has signed the second contract, for general construction works at Waad Al Shamal (SAP/PAP & OSBL), with branch of Sinopec Nanjing Engineering & Construction for approximately $363 million (SAR1.361 billion) for a period of 18 months The third contract is for general construction works at Waad Al Shamal (Benefitiation) with Tekfen Construction and Installation Company for approximately $234 million (SAR877 million) for a period of 18 months. The project is expected to be implemented in phases and eventually will add a further 3 million tonnes per year of production capacity. Costs are currently estimated approximately SAR24 billion ($6.4 billion). |
| Country | Saudi Arabia , Asia |
| Industry | Mining |
| Entry Date | 22 Jan 2025 |
| Source | https://www.zawya.com/en/projects/mining/maaden-signs-922mln-deals-for-third-phosphate-project-l48fjblg |
