# LG Chem and Alkorayev Group to produce RO membranes in Saudi Arabia

LG Chem signed a contract with Saudi Alkorayev Group to localize RO membrane production in Saudi Arabia, with up to 320 million riyals (about 120 billion won) investment. Production is expected to start in 2026.

- Type: Contract
- Announced: 2024-05-01
- Where: Saudi Arabia, Saudi Arabia
- Value: $87.0M (120.0B KRW)
- Status: announced
- Products: reverse osmosis membranes
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (partner)
- [Alkorayev Group](https://endata.com/companies/77160.md) (partner)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/11004799), 2024-05-01: "LG Chem announced on the 1st that it has signed a contract with Saudi Alkorayev Group to localize the manufacture of RO membranes."

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