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Saudi-India economic ties grow closer with mining agreement

Saudi Arabia is seeking to boost its mining sector, and India is a natural partner in this endeavor.

Saudi chemical
This picture taken on Dec. 11, 2019, shows a view of ammonia tanks at an industrial plant at the Jubail Industrial City, about 95 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. — GIUSEPPE CACACE/AFP via Getty Images

Saudi Arabia’s state-owned mining company has signed export agreements with four Indian chemical companies. 

MA’ADEN signed an agreement to export phosphate products to Indian Potash Limited and Krishak Bharati Cooperative, as well as an agreement to export ammonia to Gujarat State Fertilizers & Chemicals Limited and Coromandel International Limited. The Saudi firm also pledged to work with Krishak Barati and Coromandel on product development, logistics and more, MA’ADEN said in a press release Thursday. 

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