Maaden renews deal to supply 600,000 tons of fertilizers to Bangladesh

Maaden headquarters

Saudi Arabian Mining Co. (Maaden) renewed its agreement with Bangladesh Agricultural Development Corp. to supply 600,000 tons of fertilizers, Saudi Press Agency reported.

The company pointed out that this partnership has continued for several years, confirming Maaden’s commitment to meet the needs of global markets for phosphate fertilizers, as it covers about 42% of Bangladesh’s estimated needs for diphosphate fertilizers.

Maaden boosted its production of sustainable phosphate fertilizers over the past years. There is a plan to increase its production of phosphate fertilizers by 50% to reach nine million tons annually as part of Phosphate 3 project.