Mar 14, 2023
H.E. Bandar bin Ibrahim Alkhorayef, Minister of Industry and Mineral Resources; H.E. Khalid Al-Mudaifer, Vice Minister for Mining Affairs; and H.E. Eng. Khalid bin Mohammed Al-Salem, President of the Royal Commission for Jubail and Yanbu, visited Ma’aden facilities at the Ras Al-Khair Industrial City, to view the company’s mega projects and latest operations.
During his visit, His Excellency met with Ma’aden Deputy CEO, Abdulaziz Asker Al-Harbi; EVP of Ma’aden Phosphate Business Unit, Hassan Al Ali; EVP of Ma’aden’s Aluminum Business Unit, Ali Al-Qahtani; and SVP of Corporate Strategy and Corporate Affairs, Ayed Al-Mutairi, to discuss the major projects and growth initiatives that are securing Ma’aden’s position as a key global player in the phosphate fertilizers and minerals supply chains. The minister and the accompanying delegation also viewed a presentation about the phosphates operations in Ras Al-Khair and its role in the global market.
As part of the site tour, His Excellency viewed Ma’aden’s new ‘Ammonia 3’ plant at Ras Al-Khair which adds over one million tonnes annually to Ma’aden’s ammonia production. This plant is the first part of Ma’aden’s ‘Phosphate 3’ mega project, which will help to secure Ma’aden’s position as the world’s second largest exporter of high-quality phosphate fertilizers. This is set to grow Saudi Arabia’s role as a key player in food and agriculture value chains.
Ras Al-Khair is also home to Ma’aden’s fully integrated phosphate and aluminum production business, which includes one of the most efficient vertically integrated mining complexes in the world.
Ma’aden Deputy CEO, Eng. Abdulaziz bin Asker Al-Harbi, said, “We are delighted by the visit of His Excellency and other officials to see the progress that Ma’aden is making towards achieving its ambition to become a global mining champion for Saudi Arabia. This has reflected on Ma’aden’s growth story in the past two decades as these major projects contribute to enhancing support for local content and help to deliver on Vision 2030 ambitions to make mining a key sector of the Saudi economy.”
In February this year, Ma’aden reported a record 87% increase in net profits, driven by major growth projects at Ras Al-Khair and other key sites across the Kingdom. Ma’aden is on track to meet its goals to grow 10-times by 2040, increase its contribution to the economy and create jobs for citizens across the Kingdom.