Riyadh - SPA
Maaden Signs Contract to Supply Bangladesh with Phosphate Fertilizers
The Saudi Arabian Mining Company (Ma'aden) has signed a contract with
the Bangladeshi Ministry of Agriculture and the Agricultural Development
Corporation of the Government of Bangladesh, under which the company
will supply DAP fertilizers during 2019/2018.
President and Chief Executive Officer Khalid Bin Salem Al Ruwais
said that Ma'aden's phosphate fertilizer products reach more than 20
international markets. Such contracts contribute to enhancing the
Kingdom's Vision 2030 by diversifying sources of economic income through
the mining sector and increasing exports.
This is in line with Ma'aden's plans to expand phosphate
operations. Saudi Arabia's exports to world markets are expected to
reach about 6 million tons after the full operation of Ma'aden "Wa'ad
Al-Shamal Project in 2019.