Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

SAUDI ARABIA

Work On Maaden Phosphate Project To Begin 3Q 2005

The Saudi Arabian Mining Company, Maaden, said on 28 February that preliminary work on a project to exploit vast deposits of phosphate in the remote north of the kingdom would begin in 3Q 2005. Project financing will also be completed this year, with the export of fertilizers from the Gulf starting in 2008. Following the completion of a bankable feasibility study (BFS), the...