aluminium expo | Saudi Arabia seeks to be among the world's top 10 aluminium producers as it ramps up investment in the industry

Recently, Saudi Arabia announced that it will make massive investments in the aluminium industry. Saudi Arabia plans to make the country one of the top ten aluminium producers in the world. According to aluminium expo, Saudi Arabia has already invested at least $12 billion in aluminium projects and plans to double its investment to expand capacity. The decision is based on growing demand for aluminium in areas such as renewable energy, electric vehicles and the aerospace industry.

Saudi Arabia, the largest economy in the Arab region, is implementing a sustained economic diversification programme, said Khaled Al-Mudaifer, Saudi Arabia's Deputy Minister of Industry and Mineral Resources. The plan has invested more than $32 billion in the metal industry, of which the aluminium industry occupies an important position. Saudi Arabia plans not only to increase investment in aluminium production, but also to get involved in deep processing and downstream industries to form a complete aluminium industry chain.

Global demand for aluminium is continuing to grow. The value of this metal material, which is widely used in construction, transport, electronics and packaging, is also growing. Saudi Arabia's investment in aluminium is therefore not only strategic, but also of great economic value. With the growing trend of global energy transition, Saudi Arabia is also seeking to diversify its economy. Increased investment in aluminium and other metal industries can enable Saudi Arabia to reduce its dependence on the oil economy and further promote sustainable economic development.

Saudi Arabia's strong investment in the aluminium industry demonstrates its confidence in the future prospects of the aluminium market and reflects its determination to promote economic diversification and enhance its energy transition.