Robert Wilt: We will invest a large portion of the capital in two industrial parks
The CEO of the Saudi Arabian Mining Company “Ma’aden”, Robert Welt, said that the “Shreek” program is a great example of the extent of cooperation between the public and private sectors.
In an interview with Al-Arabiya, on the sidelines of the Shrek Program Center’s announcement of the first package of major corporate projects, Willet added that Ma’aden will invest a large part of the capital in two industrial complexes, one in the northern region and the other in the eastern region.
“Shreek enables companies to quickly make decisions by facilitating the necessary infrastructure and logistics and obtaining the necessary licenses,” says Robert Willet.
He pointed out that “Shreek” is an example of how the government can help the private sector, and will accelerate the company’s future plans, in light of Ma’aden’s plan to double its size 10 times by 2040.
He explained that the new phosphate project will increase the company’s production capacity by 50%.
The Shrek Program announced the first package of major corporate projects in the Kingdom, at a value of 192 billion riyals, to include a number of strategic and vital sectors, with the aim of contributing to enhancing the Kingdom’s economic growth.