Three groups of international contractors submitted on 18 March technical and commercial offers for the contract to build the diammonium phosphate (DAP) plant at the estimated $2,000 million Ras al-Zour phosphate fertiliser complex, planned by Saudi Arabian Mining Company (Maaden).
The bidders are: a group comprising the Japanese/Thai Toyo-Thai Corporation, with Japan's Sojitz and Saudi Oger; Spain's Dragados; and the US' Koch Industries.The estimated $200 million-300 million contract covers the construction of a 2.9 million-t/y DAP plant, the technology for which will be supplied by Spain's INCRO.The contract will initially be awarded on a cost-reimbursable basis and converted into lump-sum turnkey (LSTK) once most of the detailed design is complete (MEED 23:12:05).Ammonia and phosphoric acid feedstock for the facility will be supplied by other plants built at the complex.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
