# 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.

- Type: Investment
- Announced: 2025-10-02
- Where: Riyadh, Saudi Arabia, Saudi Arabia
- Value: $500.0M
- Jobs: 1,800
- Status: announced
- Capacity: 200,000 tonnes of aluminum extrusion, 30 million solar panel frames, 30,000 residential modules per year
- Products: aluminum extrusion, solar panel frames, modular housing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Asia Aluminum Group](https://endata.com/companies/29509.md) (partner)
- [ALUPCO](https://endata.com/companies/87581.md) (partner)

## Sources

- [wamsaudi.com](https://www.wamsaudi.com/news-articles/saudi-chinese-joint-venture-develop-aluminum-industrial-hub-riyadh), 2025-10-02: "The partnership will form three joint ventures, investing up to $500 million, with a focus on aluminum extrusion, modular housing, and solar panel frames."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.