Doha: Agreements worth SR36bn were signed on Tuesday to develop Waad Al-Shamal Industrial City in the north of Saudi Arabia.
Saudi Arabian Mining Company (Maaden) signed an agreement with the Canadian company SNC Lavalin and Chinese Sinopec to establish a sulfuric acid plant in the city. It signed another contract with China Huanqiu Contracting & Engineering Corp to build an ore beneficiation plant.
Maaden also signed an agreement with South Korea's Hanwha Engineering & Construction Co to build a phosphoric acid plant at a cost of SR3.5bn. The plant will have a production capacity of 1.5mtons.
Maaden also signed a deal with a Korean company to set up an ammonia plant, and another deal with a Spanish company to establish a phosphoric fertilizer plant, an official statement said.
Other agreements were to construct the main road to the city, establish a transformer, build a power supply line and set out technical specifications for an electricity power plant. The Saudi Ports Authority signed a contract to build a wharf at Ras Al-Khair Port.
A railway line linking Waad Al-Shamal city with Ras Al-Khair Port and Jubail Industrial Port will also be built. [05/02/14]