Italmatch Chemicals Group and SADIG Industries have formed a Joint Venture to invest USD 300 million in a phosphorus chemical manufacturing complex in Saudi Arabia, aligning with Vision 2030 initiatives to enhance local industry and create new jobs.

Information on the Target

Italmatch Chemicals Group has entered into a Joint Venture with SADIG Industries to establish a new phosphorus chemical manufacturing complex in Saudi Arabia. This integrated industrial facility will span both the Northern region and Jubail, with an investment of approximately USD 300 million earmarked for the project. This initiative aligns with Saudi Arabia's Vision 2030 and the In-Kingdom Total Value Add (IKTVA) program, which aims to develop a robust local manufacturing sector.

The venture will leverage Italmatch's extensive experience, spanning over 80 years in the phosphorus and derivatives market, to launch a new industrial cluster that meets growing local demands. The joint effort is expected to generate a significant number of qualified jobs while enhancing value creation through local content production.

Industry Overview in Saudi Arabia

Saudi Arabia's chemical industry is a cornerstone of its economy, heavily influenced by government initiatives that seek to diversify economic activities beyond oil. With the introduction of Vision 2030, the Kingdom aims to fos