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.
Asia Aluminum Group (AAG) and Aluminum Products Company (ALUPCO) signed a master framework agreement to build the largest integrated downstream aluminum industrial base in Saudi Arabia, with a total investment of up to US$500 million. The project will focus on aluminum extrusion, modular housing, and solar panel frames.
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.
| Site | Largest | Latest |
|---|---|---|
| Saudi Arabia, Saudi Arabia | $500.0M | 2025-09-29 |