Saudi Arabia emerges as next hub of an integrated aluminum complex, PIF partners with Red Sea Aluminum Holdings

Saudi Arabia is set to expand its downstream aluminum manufacturing footprint after PIF and Red Sea Aluminium Holdings (RSAH) agreed initial terms to jointly develop an advanced, single integrated aluminium complex in Yanbu, located on the Kingdom's western coast.

The proposed development brings together the Public Investment Fund (PIF) and RSAH, a joint venture between Innovation Global Industries, Innovation New Materials and Shandong Innovation Group, to establish one of the Middle East's largest continuous casting facilities. The joint venture will focus on producing a multi-segment product range of