• 1
  • 2
  • 3

Saudi Arabia will build the world’s largest phosphate base

Saudi Arabia will build the world’s largest phosphate base

Saudi Arabia will build the world’s largest phosphate base

Tip: Saudi Arabia and the U.S. mining company Legg Mason Company and Saudi Basic Industries Corporation (Sabic) signed an agreement on cooperation in the development and construction 沙特沙玛尔 phosphate industrial city to reach a consensus. It is learned that Shama Er Industrial City is expected to invest $ 7 billion, which will become the world’s largest phosphate base.
Recently, Saudi Arabia Mining Company (Maaden) and the United States Legg Mason Company (Mosaic) and Saudi Basic Industries Corporation (Sabic) signed an agreement on cooperation in the development and construction 沙特沙玛尔 phosphate industrial city to reach a consensus. It is learned that Shama Er Industrial City is expected to invest $ 7 billion, representing three shares were 60%, 25% and 15%, which will become the world’s largest phosphate base.

Shama Er northern industrial city in Saudi due to oil and gas-rich region away from the city and the region are currently no heavy industry, an economic development is relatively backward areas. Saudi hopes with low fuel costs and relatively complete industrial chain, give full play to their phosphate industry profit margins greater advantages, will become the world’s industrial city Shama Er phosphate industry hub, and to create more job opportunities , led the Saudi northern region’s economic development and achieve economic diversification. According to the Saudi mining company’s plans, Shama Er Industrial City will be put into operation in 2016, the annual output will reach 16 million tons, including 300 tons of phosphate fertilizer and 440,000 tons for food, detergents, animal feed and other downstream products.