Saudi Arabian Mining Company (Maaden) has awarded Daelim Industrial Co Ltd and Daelim Saudi Arabia Company Limited (Daelim Saudi Arabia) a SAR 3.35 billion worth of contract to construct a 1.1 million tpa ammonia plant at Ras al-Khair.

 

The engineering, procurement and construction (EPC) contract is a part of Maaden’s third phosphate complex at a cost of SAR 24 billion, the company said in a bourse filing.

 

The project construction will take around 38 months.

 

The relevant financial impact will reflect on earnings in the second or the third quarter of 2022.

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