Saudi Arabia values aluminum industry investment
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Update time : 2023-11-24 19:39:42
Saudi Arabia has invested more than US$12 billion in the aluminum industry and plans to double the figure in the investment, aiming to become one of the top ten global aluminum producers with a complete value chain.
Aluminum plays an increasingly important role in areas such as renewable energy, electric vehicles, and the aerospace industry, and the mining and metals industry becomes the third major support of the Saudi industry with the national rich mineral resources.
Khalid Al-Mudaifer, Vice Minister for Mining Affairs, Ministry of Industry and Mineral Resources, said that the metals and aluminum industry is a foundation stone of Saudi Arabia’s transformation plan, Vision 2030, adding that the country has put over SAR120 billion in investments in the metal industries.
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