Saudi Arabian Mining Company (Maaden) Announces the completion of the signing of the Engineering, Procurement and Construction Management (EPCM) Contract to Saudi Arabian Bechtel Company (SABCO) and Bechtel Australia PTY LTD.
The value of the contract is SAR 391.1 million (USD 104.3 million).
As part of the contract, Saudi Arabian Bechtel Company (SABCO) and Bechtel Australia PTY LTD will provide engineering, procurement, and construction management services for the construction of Al Rjum mine project.
The duration of the contract is 39 months. The multi-year agreement will support the development of Saudi Arabia’s newest gold mine at Ar Rjum, located in the Makkah Region, approximately 200 kilometers northeast of Ta’if, Ar Rjum, is projected to produce 3.6 million ounces of gold over a 12-year life of mine period. The project will include an open-pit operation and a state-of-the-art processing facility capable of handling a throughput of eight million tons per annum (Mtpa) of ore.
The announcement follows Maaden’s Final Investment Decision (FID) on Ar Rjum in August 2025 as part of its plans to double gold production by 2030
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