Industry Minister: Wa’ad Al Shamal Industrial City Represents a Global Model for Industrial Integration

Minister of Industry and Mineral Resources, Bandar Alkhorayef, affirmed that the Wa’ad Al Shamal Industrial City has become a global model for the mining industry and a cornerstone in achieving the goals of Saudi Vision 2030, thanks to the great support of the wise leadership, which prioritizes the industry and mining sectors to diversify the national economy and enhance sustainable development.

This statement was made during the inauguration ceremony of Ma’aden’s Phosphate 3 project and other key developments in Wa’ad Al Shamal Industrial City, attended by the Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan bin Abdulaziz, and other officials.

Investments in phosphate projects within Wa’ad Al Shamal City exceed SAR80 billion, with plans for an additional SAR50 billion. This positions Saudi Arabia as a global phosphate leader and attracts further investment, thanks to the advanced infrastructure and competitive advantages that the Kingdom offers to local and international investors in the mining sector.