Aluminium Products Company (ALUPCO) and Asia Aluminum Group (AAG) have agreed to form three joint ventures to establish Saudi Arabia’s largest integrated downstream aluminum hub, according to Media OutReach Newswire. The plan includes AAG member companies AluHouse and MacMetal and carries a total investment of up to US$500 million.
The complex in Riyadh will span 1.5 million m² and roll out in two phases, with phase one scheduled over 30 months and creating more than 1,800 jobs, according to Media OutReach Newswire. The project targets aluminum extrusion, modular housing, and solar panel frames to strengthen local manufacturing and supply chains.
Planned phase-one capacities include 100,000 tons of aluminum extrusion (rising to 200,000 tons across two phases), 30 million solar panel frames annually—supporting around 25 GW of new solar projects—and 30,000 residential modules per year, according to Media OutReach Newswire. The extrusion plant will feature smart robotic automation, positioning it as a leading facility in the region.
Saudi Arabia’s National Industrial Development Center (NIDC) helped bring the partners together, highlighting goals to localize high-value supply chains and advance downstream capabilities, according to Media OutReach Newswire. The initiative aligns with Vision 2030, championed by His Royal Highness Crown Prince Mohammed bin Salman, to diversify the economy through advanced industrial development, according to Media OutReach Newswire.
Executives from both companies said the partnership will accelerate sustainable infrastructure, renewable energy deployment, and regional expansion across the Middle East, North Africa, Europe, and the United States, according to Media OutReach Newswire.
In summary, the ALUPCO – AAG alliance aims to build a high-capacity, technology-driven aluminum ecosystem in Saudi Arabia that boosts jobs, clean energy components, and modular construction, according to Media OutReach Newswire.
