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Minister Visits Ras Az Zawr as Ma'aden Inaugurates Infrastructure

Dec 08, 2010

Riyadh, Saudi Arabia, 8th December 2010–The Saudi Arabian Mining Company, Ma'aden today marked the inauguration of the first phase of Ma'aden Infrastructure Company projects at its Ras Az Zawr site and also received a visit from His Excellency Jabarh Al Seraisery, the Minister of Transport.

After visiting Ras Az Zawr port the Minister viewed the completed infrastructure facilities at the site. These include a bachelor housing village with 477 accommodation units, power distribution substations, overhead powerlines, a road network and drainage systems. The housing complex features extensive sports facilities as well as a commercial centre, canteen and its own sewerage treatment plant. It will house employees of Ma’aden Phosphate Company which is due to start production in the second quarter of 2011.

At the ceremony Ma'aden's President & CEO Dr Abdullah Dabbagh said, "The Ma'aden Infrastructure Company team has delivered the first phase of Ras Az Zawr site infrastructure not only on time but within budget and to a very high standard. The successful delivery of this complex undertaking is a milestone in the development of Ma'aden's Phosphate and Aluminium mega projects."

He went on to pay tribute to the Minister adding, "With the visionary guidance, team work and support of many government agencies, we have successfully created this platform for development, to serve not only current Ma'aden projects but whole new industries: to create jobs, and achieve development and prosperity. This is a great Saudi success story and I thank the Ministry of Petroleum and Minerals, the Public Investment Fund and the Ministry of Finance as well as the Ministry of Transport and the Royal Commission for working as one, united team for the greater good of our nation and its people."

The second phase of infrastructure at Ras Az Zawr will include over 2,000 units of accommodation for employees of Ma'aden's Aluminium joint venture with Alcoa. Contract awards for the construction of the second phase are expected soon.

About Ma’aden

Ma'aden was established as a Saudi Arabian joint stock company in March 1997 to facilitate the development of Saudi Arabia’s non-petroleum mineral resources and to diversify the Kingdom’s economy away from the petroleum and petrochemical sectors. Ma’aden is engaged in the development, advancement and improvement of all aspects of the mineral industry, mineral products and by-products and related industries in Saudi Arabia. In July 2008 Ma’aden offered 50% of the company’s shares for subscription in a successful SR 9.25 billion IPO. Ma’aden has progressed towards realizing its vision of building a world class mineral enterprise and its mission of being a profitable, publicly owned, international mining company, while maintaining the utmost concern for human resources, health and safety, environmental and social issues.

Ma'aden is engaged in the development, advancement and improvement of all aspects of the mineral industry, mineral products and by-products and related industries in Saudi Arabia. The company is committed to the best international and local standards in environmental regulations and values its role in Corporate Social Responsibility.

Ma'aden has progressed towards realizing its vision of building a world class mineral enterprise and its mission of being a profitable, publicly owned, international mining company, while maintaining the utmost concern for human resources, health, safety, environmental and social issues.

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Media Relations

E: media@maaden.com.sa

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