MENA Project Tracker — Ma’aden to increase phosphate production;  solar plant planned in Masdar City

Saudi Arabian Mining Co., known as Ma’aden, has decided to increase the capacity of its phosphate production complexes located in Waad Al-Shamal and Ras Al-Khair industrial hubs. 
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Updated 18 October 2022
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MENA Project Tracker — Ma’aden to increase phosphate production;  solar plant planned in Masdar City

RIYADH: Saudi Arabian Mining Co., known as Ma’aden, has decided to increase the capacity of its phosphate production complexes located in Waad Al-Shamal and Ras Al-Khair industrial hubs. 

According to a MEED report, UK-headquartered Petrofac has secured the engineering, procurement and construction contracts for both facilities. 

“Ma’aden received bids for the packages in May and, presumably, is in the process of finalizing budgetary approvals and other sanctions (with the Saudi government) for the project,” one source told MEED. 

Another source said: “It could be a while before the EPC contracts are awarded, but for now, Petrofac appears to be leading the race and is in discussions with Ma’aden.” 

 

Solar plant in Abu Dhabi’s Masdar City

Emerge, a joint venture between Masdar and EDF, has signed an agreement with Khazna Data Centers to develop a ground-mounted solar photovoltaic plant at Abu Dhabi’s Masdar City project. 

According to a report in Trade Arabia, the plant will be used to power Khazna’s new data center in the city. 

The report noted that the plant has received Abu Dhabi’s Department of Energy Solar Photovoltaic self-regulating generation license, and it will have an installed capacity of 7-MW peak. 

“This agreement with Khazna Data Centers advances Abu Dhabi’s commitment to sustainability and high-tech industry, and extends Emerge’s range of offerings,” said Michel Abi Saab, general manager of Emerge.

He added: “By providing and managing a reliable source of clean energy, Emerge will enable Khazna to focus on providing high-quality data center services to its clients within Masdar City and beyond.”

 


Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

Updated 07 February 2026
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Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

RIYADH: The Saudi Ministry of Finance and the International Monetary Fund (IMF) will launch on Sunday the second edition of the annual AlUla Conference for Emerging Market Economies. 

Launched first in 2025, the conference this year brings together economic decision-makers, finance ministers, central bank governors, leaders of international financial institutions, and a select group of experts and specialists from around the world.

The conference, which will be held on Feb. 8 and 9, is going to highlight the rapid transformations occurring in the global economy and the challenges and opportunities they present for emerging market economies, particularly in the areas of international trade, monetary and financial systems, and macroeconomic policies.