US-based Jacobs Engineering Group has reported that a subsidiary company, in consortium with SNC Lavalin of Canada, received a bankable feasibility study for the Al-Jalamid Phosphate project, located in the vicinity of Turayf in northern Saudi Arabia.
Officials did not disclose the contract value, but indicated that the overall capital investment required to develop the phosphate mine and related chemical plant complex exceeds one billion dollars, stated a press release.
This project is a major endeavor for the Saudi Arabian Mining Company and its partner Saudi Oger, who intend to develop the phosphate resource in conjunction with a bauxite deposit in the vicinity of Al-Qassim and integrated railway system. The project will leverage abundant low cost energy, natural gas and petroleum by-product supply, as well as its geographic proximity to the fast growing Asian markets.
Jacobs, with over 35,000 employees and revenues approaching five billion dollars, provides technical, professional, and construction services globally. — (menareport.com)
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