Ma’aden signs agreement to supply phosphate fertiliser to Bangladesh

AdobeStock 134903491Ma’aden, one of the fastest-growing global mining companies and multi-commodity mining and metals company in the Middle East, has signed an agreement to supply phosphate fertiliser to the Bangladesh Agricultural Development Corporation (BADC) for the year 2021

BADC is a state-owned company that operates under the Bangladesh Ministry of Agriculture’s supervision, which manages agricultural imports in the country.

Under this renewed contract, Ma’aden will supply Di-ammonium Phosphate Fertiliser (DAP) to BADC. Ma’aden CEO Mosaed Al Ohali said, “We are pleased to build on our strong partnership with BADC to supply the agricultural industry in Bangladesh with the fertiliser products local farmers need to make the most of their crops. This new agreement will play an important role in boosting crop output and contributing to stable food supplies in the country.”

“Ma’aden plays an essential role in achieving the goals of Saudi Arabia’s Vision 2030 by promoting non-oil exports and sustainable development programs to raise global food security levels. With the natural phosphate deposits in the north of Saudi Arabia and proximity to promising markets in South Asia and East Africa, we are in a strong position to serve the globally growing need for fertiliser products. By 2025, we estimate reaching a production capacity of nine million tonnes of phosphate fertilisers,” he continued.

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