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Aluminum ring and billet plant project in the northern region
The project aims to establish a factory specialized in the production of circular aluminum and billet in the northern region of the Kingdom, to meet the needs of local and international industries in areas such as construction, manufacturing, and energy. The plant will rely on advanced technologies to produce aluminum with the highest quality standards, which will contribute to reducing dependence on imports and boosting the industrial sector in the Kingdom.
The project will create local job opportunities and contribute to supporting Saudi Vision 2030 by boosting local production and achieving self-sufficiency in the aluminum industry.
Opportunity Content
Rationale for choosing the project
Availability of raw materials: The northern region is rich in natural resources for the aluminum industry.
Support for the industrial sector: The Saudi government provides incentives to encourage investment in manufacturing industries.
Demand analysis
Domestic market:
Demand for aluminum in Saudi Arabia is growing at 7% annually.
Targeted sectors include construction, engineering, and automotive.
Regional market:
Neighboring Gulf countries import large quantities of aluminum, opening up export opportunities.
Projected annual revenue:
$30 million in the first year with an expected annual growth rate of 5%-7%.
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