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Maaden invests USD22.64 in Saudi mining projects

06 Dec 2014

(MENAFN) The Saudi Arabian Mining Company (Maaden) is playing a key role by developing the mining sector as the third pillar of Saudi industry, beyond oil and petrochemicals, Arab News reported.

Through its investments, Maaden is turning the Kingdom into a major player in global markets for phosphate, aluminum, gold, copper and other industrial minerals.

Maaden has invested over USD22.64 billion across all of these product lines, building fully integrated projects that extract Saudi minerals and produce finished product for local regional and global customers.

The amount of investment between Maaden and its partner Saudi Basic Industries Corporation (SABIC) in phosphate projects reached USD5.59 billion in the Maaden Phosphate Company.

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