What is the total investment in the new Saudi Arabian aluminum industrial base?

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The total investment in the new Saudi Arabian aluminum industrial base will be up to US$500 million.

A new integrated downstream aluminum industrial base is set to be established in Saudi Arabia through a partnership between Aluminum Products Company (ALUPCO) and Asia Aluminum Group (AAG). This significant venture will involve a total investment of up to US$500 million, aiming to bolster Saudi Arabia's capabilities in aluminum manufacturing and establish it as a global hub for industrial development. The collaboration is expected to create substantial employment opportunities and enhance the Kingdom's economic diversification efforts.
Joint Ventures and Focus Areas

The partnership will manifest through three joint ventures, incorporating AAG's subsidiaries AluHouse and MacMetal. These ventures will concentrate on key areas within the aluminum value chain, including aluminum extrusion, the production of modular housing solutions, and the manufacturing of frames for solar panels. This strategic focus is designed to capitalize on growing demands for sustainable infrastructure and renewable energy components.
Scale and Location of the Industrial Base

The ambitious industrial base will be situated in Riyadh, sprawling across an expansive 1.5 million square meters, equivalent to 15 hectares. This significant footprint is intended to accommodate the comprehensive production facilities required for the project's diverse outputs. The development is planned in two phases, with the initial phase slated for completion within 30 months.
Phase One Production Capacity and Job Creation

The first phase of the industrial base is projected to generate over 1,800 jobs, contributing significantly to local employment. Upon its completion, phase one will boast a substantial production capacity, including 100,000 tons of aluminum extrusion annually. Additionally, it is designed to produce 30 million solar panel frames per year, sufficient to support approximately 25 GW of new solar projects, and 30,000 residential modules annually, introducing innovative construction methods to the region.

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What is the total investment in the new Saudi Arabian aluminum industrial base?

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