Ma''aden signs Ras Az Zawr phase 2 infrastructure deal

Ma'aden Infrastructure Company (MIC), a subsidiary of the Saudi Arabian Mining Company, signed a SR294 million (US$78 million) contract with Petrochemical and Mining Company Ltd for engineering, procurement and construction services related to the second phase of accommodation infrastructure development at Ras Az Zawr.

Engr. Abdullah Al Abdulgader, chairman of MIC, said, "The execution period of this contact will be around 28 months and this phase of infrastructure utilities includes a residential village comprising 2000 housing units, as well as administrative buildings, a mosque, restaurant, gyms, and water treatment unit on an area of about 580,000 square-metres." He added that these housing units will accommodate employees of Ma'aden's aluminium joint venture with Alcoa.