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FINANCIAL NEWS
Production starts at Saudi’s USD8bn phosphate project
12 Aug 2017
(MENAFN) The Ma’aden Wa’ad Al-Shamat Phosphate Co’s USD8bn Umm Wu’al phosphate project in KSA has started production of ammonia, merchant-grade acid and fertilizer.
Meanwhile, U.S.-based Flour Corp. is offering whole program management services for this project, in addition to engineering, procurement and ops services.
Accordingly, as part of the kingdom’s Vision 2030, this world-class project will have a long-lasting influence on the region, as it spreads the nation’s economy and make local jobs.
Additionally, production has started on diammonium phosphate fertilizer, merchant-grade acid and ammonia.
MENAFN1208201700450000ID1095722875
MENAFN1208201700450000ID1095722875
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