| Work Detail |
$7.5bln project is under construction at Waad Al-Shamal Industrial City Three major projects worth 80 billion Saudi riyals ($21.33 billion) are currently underway in Saudi Arabia’s Waad Al-Shamal Industrial City to enhance phosphate fertiliser production. Saudi Arabian Mining Company’s (Ma’aden) SAR 21 billion ($5.6 billion) phosphate project, which has an annual production capacity of three million tonnes, Saudi Press Agency reported. Ma’aden Waad Al-Shamal Phosphate Company has an investment of SAR 31 billion ($8.3 billion), with an annual production capacity of three million tonnes. The third project, currently under construction, has an investment of SAR 28 billion ($7.5 billion), strengthening the Kingdom’s ability to meet global demand. The 440-sq km industrial city has 290 sq. km. for development and 150 sq. km. for Ma’aden phosphate industrial projects. |
