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Saudi Government Approves $6.9bn New Phosphate Mining Project
Published on Monday, 27 Feb 07:00 am
The Saudi cabinet on 21 February endorsed the establishment of a new phosphate mining project, known as the Waʹd Mining City in the North, which is projected to absorb some SR26bn ($6.9bn) in preliminary investments including the setting up of a SR21bn ($5.6bn) phosphate company by Saudi state-controlled Ma'aden.
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