Saudi’s Maaden signs phosphate mine financing

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

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Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC), an affiliate of the Saudi Arabian Mining Company (Maaden) has signed loan facilities for a total of SR18.9 billion ($5 billion) to develop MWSPC’s phosphate project which is being constructed at sites in Wa’ad Al Shamal and the existing Ras Al-Khair Industrial City.