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FINANCIAL NEWS
Saudi Ma�aden signs USD4.2 b deal
26 Dec 2013
(MENAFN) Saudi Arabian Mining Company (Ma”aden) will invest USD4.2 billion for a USD7 billion worth project in the kingdom, according to the Peninsula Qatar.
Through the project, Saudi plans to create a stronger industrial base beyond oil refining and export.
The contract was signed by Ma”aden, Saudi Basic Industries Corp and Mosaic.
The project will be supported by two Saudi government funds and some export credit agencies (ECA).
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