ALUPCO and Asia Aluminum Group to build $500M aluminum industrial hub in Riyadh

ALUPCO and Asia Aluminum Group have signed an agreement to build an integrated downstream aluminum industrial base in Riyadh, investing up to $500 million. Phase one will create over 1,800 jobs and include aluminum extrusion capacity of 200,000 tonnes, solar panel frames, and modular housing production.

“The partnership will form three joint ventures, investing up to $500 million, with a focus on aluminum extrusion, modular housing, and solar panel frames.”wamsaudi.com

• 1 source
• wamsaudi.comSAUDI-CHINESE JOINT VENTURE TO DEVELOP ALUMINUM INDUSTRIAL HUB IN RIYADH - World Advanced Manufacturing Saudi 2026 (English)Oct 2, 2025

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