Saudi Arabia to Create Mining Industrial Zone in North, SPA Says

Saudi Arabia will create an industrial zone for mining companies in the north, the official Saudi Press Agency reported, citing a cabinet statement.

The government will allocate 290 square kilometers of land for project and another 150 square kilometers nearby to build a phosphate unit for Saudi Arabian Mining Co. (MAADEN), SPA said.

Saudi Arabian Railway Co. and the Public Investment Fund will build a railway line linking the zone to the rail network, SPA said.

Saudi Electricity Co. (SECO), the kingdom’s largest utility, will get state funding to link the zone with the country’s high- voltage electricity network, it said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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