RIYADH: An advanced integrated aluminum complex is set to be developed in Yanbu after Saudi Arabia’s Public Investment Fund agreed initial terms with Red Sea Aluminium Holdings.
The project, announced at the Future Minerals Forum in Riyadh, will be operated by Red Sea Aluminium Industrial and will introduce advanced smelting and continuous-casting technologies.
It is expected to include one of the Middle East’s largest continuous-casting facilities for high-value downstream aluminum products, according to a press release.
The collaboration marks a significant step in PIF’s strategy to build globally competitive industrial ecosystems, diversify Saudi Arabia’s economy, and strengthen its manufacturing capabilities.
The project will also support the localization of supply chains and position the Kingdom as a regional hub for high-value aluminum products.
