Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan bin Abdulaziz, has inaugurated several development and investment projects in Wa’ad Al Shamal Mining City, with total investments amounting to SAR29 billion.
The ceremony was attended by Minister of Industry and Mineral Resources Bandar Alkhorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer, and several public and private sector officials. During the event, Prince Faisal launched the construction works for Ma’aden’s Phosphate 3 project, with investments estimated at SAR28 billion, as reported by the state-run Saudi Press Agency (SPA).
Supported by the Shareek Program, this project is one of the largest mining ventures in the region and aims to increase Saudi Arabia’s phosphate production capacity to 9 million tons annually. This includes 3 million tons each from the Phosphate 1 and 2 projects. The expansion is expected to develop the industrial supply chain, create additional investment and employment opportunities, and further bolster the Kingdom’s mining sector.
Prince Faisal emphasized that these projects align with the goals of Saudi Vision 2030, which seeks to develop the mining sector and enhance its contribution to the national economy. He highlighted that Wa’ad Al Shamal has emerged as a model for integrated industrial cities by combining major industries, logistics services, and modern residential communities. This integration strengthens the region’s attractiveness to both local and international investors.
Additionally, the ceremony included the inauguration of several industrial, logistical, and service projects spearheaded by the Saudi Authority for Industrial Cities and Technology Zones (MODON), with investments exceeding SAR550 million. These projects involve the development of industrial infrastructure across 4.3 million square meters, the construction of 32 ready-built units consisting of 20 factories and 12 support units totaling 45,000 square meters, the establishment of a 132kV power substation with a 200MVA capacity and overhead transmission lines, and the building of a 7-kilometer international road link bridge. These initiatives aim to enhance logistics services, improve energy reliability, and create a favorable investment environment, particularly for transformative industries connected to phosphate production.
Furthermore, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex in Wa’ad Al Shamal, accompanied by Minister Alkhorayef. The expansion includes the construction of three new buildings, each comprising 32 residential units, totaling 96 units. This addition aims to improve living conditions for employees and further support the development of the region.
The launch of these projects underscores Saudi Arabia’s commitment to strengthening its industrial and mining sectors while ensuring sustainable economic growth in line with Vision 2030.
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Major Investments and Project Launches
Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan bin Abdulaziz, has inaugurated several development and investment projects in Wa’ad Al Shamal Mining City, with total investments amounting to SAR29 billion.
The ceremony was attended by Minister of Industry and Mineral Resources Bandar Alkhorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer, and several public and private sector officials.
During the event, Prince Faisal launched the construction of Ma’aden’s Phosphate 3 project, with investments estimated at SAR28 billion, as reported by the Saudi Press Agency (SPA).
Expansion of Phosphate Production
Supported by the Shareek Program, this project is one of the region’s largest mining ventures and aims to increase Saudi Arabia’s phosphate production capacity to 9 million tons annually. This includes 3 million tons each from the Phosphate 1 and 2 projects.
The expansion is expected to:
Develop the industrial supply chain
Create additional investment and employment opportunities
Further bolster the Kingdom’s mining sector
Alignment with Vision 2030
Prince Faisal emphasized that these projects align with Saudi Vision 2030, which seeks to develop the mining sector and enhance its contribution to the national economy.
He highlighted that Wa’ad Al Shamal has emerged as a model for integrated industrial cities, combining:
Major industries
Logistics services
Modern residential communities
This integration strengthens the region’s attractiveness to both local and international investors.
Infrastructure and Industrial Development
Additionally, the ceremony included the inauguration of several industrial, logistical, and service projects led by the Saudi Authority for Industrial Cities and Technology Zones (MODON), with investments exceeding SAR550 million.
These projects include:
Development of industrial infrastructure across 4.3 million square meters
Construction of 32 ready-built units, including 20 factories and 12 support units, totaling 45,000 square meters
Establishment of a 132kV power substation with a 200MVA capacity and overhead transmission lines
Building of a 7-kilometer international road link bridge
These initiatives aim to:
Enhance logistics services
Improve energy reliability
Create a favorable investment environment, particularly for transformative industries connected to phosphate production
Residential Expansion
Furthermore, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex in Wa’ad Al Shamal, accompanied by Minister Alkhorayef.
The expansion includes:
Construction of three new buildings
Each building comprising 32 residential units, totaling 96 units
This addition aims to improve living conditions for employees and further support regional development.
Conclusion
The launch of these projects underscores Saudi Arabia’s commitment to strengthening its industrial and mining sectors while ensuring sustainable economic growth in line with Vision 2030.
Major Investments and Project Launches
Governor of the Northern Borders Region, Prince Faisal bin Khalid bin Sultan bin Abdulaziz, has inaugurated several development and investment projects in Wa’ad Al Shamal Mining City, with total investments amounting to SAR29 billion.
The ceremony was attended by Minister of Industry and Mineral Resources Bandar Alkhorayef, Vice Minister for Mining Affairs Eng. Khalid Al-Mudaifer, and several public and private sector officials.
Ma’aden’s Phosphate 3 Project
Prince Faisal launched the construction of Ma’aden’s Phosphate 3 project, with an estimated investment of SAR28 billion, as reported by the Saudi Press Agency (SPA).
Expansion of Phosphate Production
Supported by the Shareek Program, this project is one of the largest mining ventures in the region and aims to increase Saudi Arabia’s phosphate production capacity to 9 million tons annually. This includes:
3 million tons from Phosphate 1
3 million tons from Phosphate 2
3 million tons from Phosphate 3
The expansion will:
Strengthen the industrial supply chain
Create additional investment and employment opportunities
Further enhance the Kingdom’s mining sector
Alignment with Vision 2030
Prince Faisal emphasized that these projects align with Saudi Vision 2030, which aims to develop the mining sector and enhance its contribution to the national economy.
He highlighted that Wa’ad Al Shamal has become a model for integrated industrial cities, offering:
Major industries
Logistics services
Modern residential communities
These factors make the region more appealing to local and international investors.
Infrastructure and Industrial Development
The event also included the inauguration of several industrial, logistical, and service projects led by the Saudi Authority for Industrial Cities and Technology Zones (MODON), with investments exceeding SAR550 million.
Key Infrastructure Developments
4.3 million square meters of industrial infrastructure
32 ready-built units (including 20 factories and 12 support units) totaling 45,000 square meters
132kV power substation with a 200MVA capacity and overhead transmission lines
7-kilometer international road link bridge
These initiatives will:
Enhance logistics services
Improve energy reliability
Create an attractive investment environment, particularly for transformative industries linked to phosphate production
Residential Expansion
Prince Faisal also inaugurated the expansion of Ma’aden’s residential complex in Wa’ad Al Shamal, accompanied by Minister Alkhorayef.
Residential Expansion Highlights
Construction of three new buildings
Each building consists of 32 residential units
Total of 96 new residential units
This expansion aims to improve living conditions for employees and further support regional development.
Conclusion
The launch of these projects reaffirms Saudi Arabia’s commitment to strengthening its industrial and mining sectors, ensuring sustainable economic growth in line with Vision 2030.
