ALUPCO, AAG to build Kingdom's largest downstream aluminium industrial base

The partnership will enhance the company's manufacturing capabilities and deliver high-quality solutions that support sustainable infrastructure and renewable energy projects in the Kingdom, says Khaled Abdel-Moneim

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ALUMINUM Products Company (ALUPCO), Saudi Arabia's largest aluminium extrusion producer, has signed an agreement with Asia Aluminum Group (AAG), a leading aluminium extrusion manufacturer from Hong Kong, to invest $500 million in building the largest integrated downstream aluminium industrial base in the Kingdom.

The partnership, which includes AAG member companies AluHouse and MacMetal, will launch three new joint ventures, focusing on aluminium extrusion, modular housing, and solar panel frames.

The landmark partnership is designed to meet the growing demand for aluminium products in the Middle East.

The project will adopt advanced and sustainable technologies, exemplifying the goals of China's Belt and Road Initiative (BRI) to strengthen trade links, foster economic diversification, and advance green technologies across the regions.

It is in line with Saudi Vision 2030 and its focus on downstream manufacturing, including the transformation of raw aluminium into finished, market-ready products and integrated solutions, as well as cross-regional connectivity and technology transfer.

Senior representatives from the governments of Hong Kong SAR and Saudi Arabia, including Ir Ricky Lau Chun-kit JP, Permanent Secretary for Development (Works); Nicholas Ho Lik-chi, Commissioner for Belt and Road of HKSAR; and Mahmoud Al-Asmari, Director of Minerals and Metals at the National Industrial Development Center (NIDC) of Saudi Arabia, alongside key industry leaders, witnessed the signing ceremony in Hong Kong.

Eric Kwong, Vice Chairman of AAG, Chairman of AluHouse, said: “We are pleased to partner with ALUPCO, a company that shares our commitment to innovation and market leadership. Together, we will create the largest downstream aluminium industrial base in the Kingdom of Saudi Arabia, replicating the successful model of world-class industrial base development we pioneered in China more than 30 years ago.