The Saudi Arabian Mining Co. (Ma’aden), Riyadh, has inked a Memorandum of Understanding (MOU) with Jordan’s Arab Potash Co. (APC) aimed at enhancing cooperation in producing fertilizers in Saudi Arabia and Jordan, drawing on their respective expertise in the phosphate and potash industries in the region, the Saudi company said.
The MOU was inked on Jan. 13 between Ma’aden Phosphate Co. Senior Vice President Hassan Al-Ali and APC President and CEO Maen Al Nsour at the Future of Mining Forum held in Riyadh
Al-Ali said the MOU is in line with Ma’aden’s strategy and initiatives to identify market opportunities and secure raw materials for future growth plans. Few other details were provided in the statement.
Ma’aden and the National Shipping Company of Saudi Arabia (Bahri) also have inked an MOU to explore cooperation across various fields, including chartering ships to transport ammonia and dry cargo, as well as other areas that the two parties will agree to collaborate on in the future.
The MOU signing also took place during the Future of Mining Forum in Riyadh.