Ma’aden unveils third phosphate mega project
The Saudi Arabian Mining Company (Ma’aden) has awarded Daelim the $892mn engineering, procurement and construction contract to build the first plant in the company’s third large-scale phosphate complex (Phosphate 3). The complex will increase Ma’aden’s phosphate production capacity to nine million tonnes, securing the Saudi Arabia’s global position as a top phosphate producer and exporter.
Darren Davis, president and CEO of Ma’aden, and Heon Jae Yim, Daelim SEVP and CEO, signed the EPC contract at the Ma’aden headquarters in Riyadh to build a new ammonia plant in Ras Al-khair on the eastern coast of Saudi Arabia.
“Today’s announcement is the next step in securing Ma’aden’s leadership position in the global phosphate fertiliser market,” Davis said.
Darren Davis (centre), president and CEO of Ma’aden, and Heon Jae Yim (right), Daelim SEVP and CEO, signed the EPC contract at the Ma’aden headquarters in Riyadh.