Integrated phosphate complex in Saudi Arabia

The Saudi Arabian Mining Company (Ma’aden) signed an agreement to jointly develop a fully integrated, world-class phosphate production facility in the Kingdom of Saudi Arabia with The Mosaic Company and the Saudi Basic Industries Corporation (SABIC). The estimated cost of the project is approximately SR 26 billion ($7 billion). Ma’aden will own 60 percent, Mosaic 25 percent and SABIC 15 percent. The new complex will be one of the largest integrated phosphate facilities in the world and will approximately double Ma’aden’s existing phosphate production while adding important new products to Ma’aden’s production capabilities.

According to Ma’aden, the partnership with Mosaic and SABIC brings great value to the project in terms of technical, operating and marketing  experience. The joint venture partners are developing  plans for a local research and development  facility which will encourage the study and development of phosphate products and processes.

www.sabic.com