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Saudi Arabia Begins Aluminum Production at Ma'aden Alcoa smelter
Edited by : AL CIRCLE
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Through a joint venture between the Saudi Arabian Mining Company (Ma'aden) and Alcoa, Saudi Arabia on Thursday began aluminum production at its first smelter.
"Today we see the first aluminum produced in Saudi Arabia, and the launch of a new industry," Ma'aden President and CEO Khalid al-Mudaifer said at the inauguration of production in Ras al-Khair in Eastern Province.
The Ma'aden Aluminum joint venture is 74.9%-owned by the Saudi group, with the rest held by Alcoa.
The smelter is part of a joint venture agreed in 2009 to construct a giant industrial complex costing $10.8 billion.
"Today we see the first aluminum produced in Saudi Arabia, and the launch of a new industry," Ma'aden President and CEO Khalid al-Mudaifer said at the inauguration of production in Ras al-Khair in Eastern Province.
The Ma'aden Aluminum joint venture is 74.9%-owned by the Saudi group, with the rest held by Alcoa.
The smelter is part of a joint venture agreed in 2009 to construct a giant industrial complex costing $10.8 billion.
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