King Salman inaugurates Ras Al Khair
Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud inaugurated Ras Al Khair industrial city on November 29, 2016. Ma’aden’s role in developing world-class industrial infrastructure and production facilities and a skilled Saudi workforce for the mining industry was highlighted during the ceremonies marking the King’s visit.
The event was the culmination of SAR130 billion investment and several years of development work by Ma’aden and other public and private sector partners. Ras Al Khair has provided 12,000 direct jobs and tens of thousands of indirect jobs while adding an estimated SAR35 billion to the GDP.
Ras Al Khair is Saudi Arabia’s new mining hub, which hosts world-class aluminium and phosphate plants with critical infrastructure support. This includes a 1,450 km railway line connecting the industrial city to Ma’aden’s mines in the north of the Kingdom, a state-of-the-art power and desalination plant and a port enabling Saudi metal and mineral products to reach global markets.
The city will play a major role in delivering the mining sector’s contribution to economic diversification as projected by Saudi Vision 2030.