Ma'aden signs EPC contract with Saudi Arabian company for residential project

maaden-saudicitySaudi Arabian Mining Company (Ma’aden) has signed an EPC contract with Al-Rashid Trading and Contracting Co. Ltd for the residential infrastructure at the King Abdullah Project for Wa’ad Al Shamal City Development

Wa’ad Al Shamal City, located in the northern part of Saudi Arabia, is expected to cover an area of 440 sq km. Out of the total planned area, 150 sq km will be allotted to build a US$7.4bn phosphate facility, which would be developed by SABIC, Mosaic and Ma’aden and have a production capacity of 16,000 tonnes, confirmed officials from Ma’aden.

Khalid Al Mudaifer, president and CEO of Ma’aden, said, “This contract is an important milestone in the development of Wa’ad Al Shamal City. Together with our partners, we are building a city that will elevate the living standards of people in the north and open up new economic opportunities for local Saudi youth and businesses. As with all of our projects, we are committed to maximising the social and economic benefits for local communities while advancing the economy of the Kingdom as a whole.”

In addition to building a phosphate plant, the EPC contract includes the engineering, design and construction of major roads, public facilities, water and telecommunication networks, fire stations and the first phase of residential complexes containing 70 villas, 189 apartments and 232 studio dormitories, stated Ma'aden officials.

Al Rashid Tradinf and Contracting Co. Ltd is expected to begin work on the project in Q1 2015 and complete it by the end of 2016.

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