Oct 22, 2017
The Saudi Arabian Mining Company (Ma’aden) signed a Phosphate fertilizer supply contract with Bangladesh Agricultural Development Corporation (BADC). The contract stipulates that Ma’aden will supply Di-ammonium Phosphate fertilizer (DAP) for the year 2018.
BADC is a government owned corporation which imports fertilizers under the umbrella of the Bangladesh Ministry of Agriculture.
Speaking at the contract signing ceremony in Ma’aden’s Riyadh headquarters, Khalid Al Rowais, Senior Vice President of Ma’aden’s Phosphate Business Unit said “We are pleased to once again offer quality, reliable fertilizer supplies to Bangladesh. We hope to demonstrate our ongoing commitment to the Bangladesh Ministry of Agriculture and the BADC by continuing to build on our long term relationship for many years to come.”
Ma’aden has developed a strong position as a key global supplier of phosphate fertilizer and currently delivers to clients in over 20 countries. With its plans to expand in the phosphate business, Ma’aden exports of phosphate fertilizer will reach around 6 million in 2018 and 9 million tons per year with the future expansions, positioning the company as a major international supplier.