RIYADH - Saudi Arabia signed an agreement to build a metal smelter with global commodities trader Trafigura worth $2.8 billion, according to a statement reviewed by Reuters on Monday.

The project with Trafigura Singapore will be the first copper smelter in a GCC country and it aims to produce 400,000 tons of copper, 200,000 tons of zinc, and 55,000 tons of lead annually.

 

(Reporting by Marwa Rashad and Stephen Kalin, Writing by Nafisa Eltahir, editing by Louise Heavens) ((Nafisa.Eltahir@thomsonreuters.com;))