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FinancialNews


  • 12-08-17

    Production starts at Saudi's USD8bn phosphate project

    (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.

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