{"id":94510,"date":"2025-02-18T00:00:00","date_gmt":"2025-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/maaden-begins-construction-on-sar-28-bn-phosphate-facility-in-waad-al-shamal\/"},"modified":"2025-02-18T00:00:00","modified_gmt":"2025-02-18T00:00:00","slug":"maaden-begins-construction-on-sar-28-bn-phosphate-facility-in-waad-al-shamal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/18\/maaden-begins-construction-on-sar-28-bn-phosphate-facility-in-waad-al-shamal\/","title":{"rendered":"Ma\u2019aden begins construction on SAR 28 bn phosphate facility in Wa\u2019ad Al Shamal"},"content":{"rendered":"

The Northern Borders Province inaugurated projects worth a combined SAR 29 bn at the <\/strong>Wa\u2019ad Al Shamal City for Mining Industries<\/strong>, state news agency SPA<\/a> reports. These include Saudi Arabia Mining\u2019s (Ma\u2019aden) Wa\u2019ad Al Shamal Phosphate 3 project \u2014 worth some SAR 28 bn \u2014 as well as a host of industrial, logistical, and service projects from Modon, with a combined value of SAR 550 mn.<\/p>\n

The big ticket: <\/strong>Construction work kicked off at Phosphate 3 \u2014 which was among 12 private-sector projects selected for government incentives and support<\/a> in 2023 under the Shareek program. The new mining hub is set to push Saudi\u2019s phosphate production capacity to 9 mn tons per year, up from a combined capacity of 6 mn tons from Phosphate 1 and Phosphate 2. <\/p>\n

ICYMI- <\/strong>Saudi Arabian Mining (Ma\u2019aden) signed three construction agreements worth over USD 922 mn for its third phosphate fertilizers project in Wa\u2019ad Al Shamal and Ras Al Khair last January<\/a>. The contracts came a month after the PIF-backed company acquired Mosaic Phosphates BV\u2019s full 25% stake<\/a> in the Ma\u2019aden Wa\u2019ad Al Shamal Phosphate Company joint venture, raising Ma\u2019aden\u2019s ownership in the JV to 85%.<\/p>\n

MEANWHILE-<\/strong> The Saudi Authority for Industrial Cities and Technology Zones (Modon) is kicking off industrial, logistical, service, and infrastructure projects worth a combined SAR 550 mn at Wa\u2019ad Al Shamal. The projects include developments over a 4.3 mn area to attract investments, ready-made factories and support units, substations and overhead transmission lines, and a 7 km bridge connection to the International Road.<\/p>\n

Living quarters are also getting an upgrade: <\/strong>The province also inaugurated expansion works at Ma\u2019aden\u2019s residential city in Wa\u2019ad Al Shamal, where developments will see the addition of three buildings with 32 units. These come on top of 483 units representing the first phase of residential facilities in the city. The investment ticket for these expansions was not provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Modon is also investing SAR 550 mn in infrastructure<\/p>\n","protected":false},"author":1,"featured_media":94511,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2546],"tags":[10,2689,50,4020,1912,3262],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-enterpriseam-ksa","tag-investment","tag-mining","tag-phosphate","tag-saudi-arabian-mining-company-maaden","tag-saudi-authority-for-industrial-cities-and-technology-zones-modon","wpautop","entry"],"acf":{"mongo_id":"f67c2911-7079-4ece-866a-a8c7e52ecb63","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1769.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ma\u2019aden begins construction on SAR 28 bn phosphate facility in Wa\u2019ad Al Shamal","related_issue":[94505],"teaser":"Modon is also investing SAR 550 mn in infrastructure","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.0b0a2b31-6300-46bb-809a-5cf93bf37a24.mp3"},"yoast_head":"\nMa\u2019aden begins construction on SAR 28 bn phosphate facility in Wa\u2019ad Al Shamal - 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