Riyadh- Ma’aden exported on Monday the first cargo of its phosphate factories’ products, a step that reflects Saudi Arabia seriousness to place itself on the world’s phosphate industry map.
The phosphate factories are located in Wa’ad Al Shamal that is on its way to become one of the major global capitals for producing phosphate.
In this regard, Ma’aden announced exporting its first cargo from Ma’aden Wa’ad Al-Shamal Phosphate Company (MWSPC).
The first shipment was transported via Al-Shamal railway to Ras Al Khair port, specialized to mining exports.
Khalid al-Falih, Saudi Arabia’s energy minister and Chairman of the Board of Directors for the Saudi Arabian Mining Company (Ma’aden), affirmed that this achievement came as a result of the support granted to the Saudi mining sector from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the Crown Prince.
“This support permitted such a historic achievement and therefore reaching this development in mining industry and phosphate manufacturing,” said Falih.
He added that this event is the outcome of constructive operation and comprehensive work of several governmental and private bodies during the past phase that has witnessed establishing the project, providing success requirements and facing challenges, under the directives of the Saudi government.
This project is an added value to all related parties including Ma’aden shareholders since this is a unique phase in the company’s history and a proof of its success in continuous growth and expansionary affairs.
Falih pointed out that Wa’ad Al-Shamal project aims at reinforcing sustainable economic growth in the northern border region – this has actually started to appear through creating job opportunities, training the youths, developing SMEs and boosting economy in the region.
The company seeks to become among the top three phosphate exporting countries worldwide.