# ALUPCO and AAG sign agreement to build integrated downstream aluminum base in Saudi Arabia

Aluminium Products Company (ALUPCO) and Asia Aluminum Group (AAG) signed a Master Framework Agreement to form three joint ventures with a total investment of up to US$500 million to build the largest integrated downstream aluminum industrial base in Saudi Arabia, focusing on aluminum extrusion, modular housing, and solar panel frames.

- Type: Investment
- Announced: 2018-01-21
- Where: Saudi Arabia, Saudi Arabia
- Value: $500.0M
- Status: announced
- Capacity: largest integrated downstream aluminum industrial base in Saudi Arabia
- Products: aluminum extrusions, modular housing, solar panel frames
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aluminium Products Company](https://endata.com/companies/29508.md) (partner)
- [Asia Aluminum Group](https://endata.com/companies/29509.md) (partner)

## Sources

- [monitorriau.com](https://monitorriau.com/news/detail/34980/alupco-and-aag-signed-a-master-framework-agreement-to-build-the-largest-integrated-downstream-aluminum-industrial-base-in-the-kingdom-of-saudi-arabia), 2018-01-21: "With a total investment of up to US$500 million, the companies will build the largest integrated downstream aluminum industrial base in Saudi Arabia, focusing 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.