The Saudi Arabian Mining Co. (Ma’aden) is playing a major role in developing the mining sector as the third pillar of Saudi industry, beyond oil and petrochemicals, according to Arab News.
The Tadawul-listed company is turning the Kingdom into a major player in global markets for phosphate, aluminum and industrial minerals.
Since its inception, Maaden has invested more than SAR 85 billion across all of these product lines, building fully-integrated projects that extract Saudi minerals and produce finished product for local regional and global customers.
The investments between Ma’aden and Saudi Basic Industries Corporation (SABIC) in phosphate projects reached SAR 21 billion in the Ma’aden Phosphate Company, which operates in Al-Jalamid in the Northern Province and the Eastern Province’s Ras Al-Khair.