Ma’aden signs agreement to supply phosphate fertilizer to Bangladesh

Ma’aden signs agreement to supply phosphate fertilizer to Bangladesh

RIYADH — Ma'aden, one of the fastest-growing global mining companies and the largest multi-commodity mining and metals company in the Middle East, has signed an agreement to supply phosphate fertilizer to the Bangladesh Agricultural Development Corporation (BADC) for the year 2021.BADC is state-owned company that works under the umbrella of the Bangladesh Ministry of Agriculture, which manages agricultural imports in the country. Under this renewed contract, Ma'aden will supply Di-ammonium Phosphate Fertilizer (DAP) to BADC.Commenting on the announcement, 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 fertilizer 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