Now Reading
Saudi Ma’aden hires Korea’s Daelim to build SAR3.35bn ammonia plant

Saudi Ma’aden hires Korea’s Daelim to build SAR3.35bn ammonia plant

The works will take more than three years, the company said

State-run Saudi Arabian Mining Company (Ma’aden) plans to build a third ammonia plant in at a cost of about SAR3.35bn Saudi riyals ($893m), according to a bourse statement on Monday.

Ma’aden said it signed a contract with South Korea’s Daelim Industrial and its Saudi unit for the engineering, procurement and construction of the plant in Ras al-Khair, on the kingdom’s Gulf coast. Works will take over 38 months, the statement said.

The ammonia plant is one among multiple plants Ma’aden plans to develop to for a third phosphate complex that is estimated to cost SAR24bn, Ma’aden added.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top