Middle East Economic Survey
VOL. XLVIII
No 14
4-April-2005
SAUDI ARABIA
MaadenAgrees $2Bn Investment In Phosphate Project
The Saudi Arabian Mining Company (Maaden), at a board meeting on 27 March chaired by its chairman and Minister of Petroleum and Mineral Resources Ali Naimi, authorized investment of SR7.77bn ($2.1bn) on a planned project to exploit the vast deposits of phosphate in al-Jalamid region in the remote far north of the kingdom. Maaden decided to press ahead with the scheme on the...
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