King Salman inaugurates Waad Al-Shamal industrial city projects

The total cost of the first and second phase projects comes to $2.26 billion. (Supplied)

Saudi Arabia’s King Salman bin Abdulaziz inaugurated the first phase of Waad Al-Shamal Industrial City project worth 55 billion Saudi riyals on Thursday.

The king will also lay foundation stones for the second phase projects and facilities worth 31 billion Saudi riyals ($826 mln) in Turaif governorate, Northern Border Region.

The completion of Saudi Arabia's Waad Al-Shamaal mining project will lift the kingdom’s phosphate fertilizer production to 9 million tonnes annually, Saudi Energy Minister Khalid al-Falih said.

“This will make the kingdom the second largest producer of phosphate fertilizers in the world,” al-Falih added.

The total cost of the first and second phase projects comes to $2.26 billion.

Waad Al-Shamal is an integrated mining city, located northeast of Turaif city in the Northern Border Region.

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Last Update: 14:09 KSA 17:09 - GMT 14:09
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