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

Feb. 20 (Bloomberg) -- 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., 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., 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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