Thursday, 16 Apr 2026
  • Home
  • Agribusiness
  • Awards & Recognition
  • Banking
  • East Africa
  • Finance & Banking
  • Property & Real Estate
  • Technology
  • Corporate news from Media OutReach Newswire
Subscribe
East African Commerce & Industry Today
  • 🔥
  • Corporate News from Media OutReach Newswire
  • Business
  • INNOVATION & ENTERPRISES
  • Investments
  • Finance & Banking
  • Banking
  • Industries
  • Tech
  • Women & Power
  • Markets
Font ResizerAa
East African Commerce & Industry TodayEast African Commerce & Industry Today
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Opinion
  • Politics
  • Health
  • Technology
  • World
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Opinion
    • Politics
    • Technology
    • Travel
    • Health
    • World
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Corporate News from Media OutReach Newswire

ALUPCO and AAG signed a Master Framework Agreement to build the largest integrated downstream aluminum industrial base in the Kingdom of Saudi Arabia

Editorial Desk
Last updated: October 1, 2025 12:00 pm
Editorial Desk
Share
SHARE
HONG KONG SAR – Media OutReach Newswire – 1 October 2025 – Aluminium Products Company (ALUPCO), an aluminum extrusion producer in Saudi Arabia and Asia Aluminum Group (AAG), a leading Hong Kong aluminum extrusion manufacturer with a production base in Mainland China, signed an agreement on September 29 in Hong Kong. The partnership will form three joint ventures, including AAG member companies AluHouse and MacMetal, With a total investment of up to US$500 million, the companies will build the largest integrated downstream aluminum industrial base in Saudi Arabia, focusing on aluminum extrusion, modular housing, and solar panel frames.

Mr. Khaled Abdel-Moneim, CEO of ALUPCO (front right), and Mr. Eric Kwong, Vice Chairman of AAG & Chairman of AluHouse (front left), signed the agreement. Witness guests (back, right to left) included Mr. Abdellateif Al Mubarak, Chairman of ALUPCO; Mr. Mahmoud Al Asmari, Director Minerals & Metals at the National Industrial Development Center (NIDC) of Saudi Arabia; Mr. Nicholas Ho Lik Chi, Commissioner for Belt & Road of the Hong Kong SAR; Mr. Chairman Kwong, Chairman of AAG; and Mr. Henry Kwong, Senior Vice President of AAG.
Mr. Khaled Abdel-Moneim, CEO of ALUPCO (front right), and Mr. Eric Kwong, Vice Chairman of AAG & Chairman of AluHouse (front left), signed the agreement. Witness guests (back, right to left) included Mr. Abdellateif Al Mubarak, Chairman of ALUPCO; Mr. Mahmoud Al Asmari, Director Minerals & Metals at the National Industrial Development Center (NIDC) of Saudi Arabia; Mr. Nicholas Ho Lik Chi, Commissioner for Belt & Road of the Hong Kong SAR; Mr. Chairman Kwong, Chairman of AAG; and Mr. Henry Kwong, Senior Vice President of AAG.

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

Mahmoud Al-Asmari, Director of Metals at the National Industrial Development Center (NIDC) of Saudi Arabia, said: “This partnership marks a milestone in advancing the Kingdom’s aluminum downstream targets. By enabling the creation of the largest integrated downstream aluminum industrial base in Saudi Arabia, we are not only strengthening Saudi Arabia’s downstream aluminum manufacturing capabilities but also reinforcing the Kingdom’s role as a global hub for sustainable industrial development.

NIDC is proud to have initiated this collaboration by introducing AAG and ALUPCO to one another, fostering a partnership that builds local industrial capabilities and maximizes synergies between Saudi manufacturers and leading international partners. This alliance reflects the Kingdom’s ability to attract world-class expertise, integrate advanced technologies, and localize high-value supply chains.

Beyond industrial growth, the partnership will generate quality jobs, accelerate renewable energy adoption, and further solidify Saudi Arabia’s position as a leader in the global aluminum industry.”

Khaled Abdel-Moneim, CEO of ALUPCO, said: “This partnership marks a new chapter in Saudi Arabia’s industrial advancement. Collaborating with AAG, AluHouse, and MacMetal allows us to elevate our manufacturing capabilities and deliver high-quality solutions that support sustainable infrastructure and renewable energy projects critical to the Kingdom’s future.

We extend our sincere appreciation for the support provided by the National Industrial Development Center (NIDC). Their efforts represent a tangible implementation of Vision 2030, the ambitious national transformation agenda spearheaded by His Royal Highness Crown Prince Mohammed bin Salman. This vision aims to diversify the Saudi economy by developing new industrial sectors, a goal in which this investment is poised to play an active and significant role.”

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 aluminum industrial base in Saudi Arabia, replicating the successful model of world-class industrial base development we pioneered in China over 30 years ago. This new platform will unlock significant growth opportunities across the Middle East, North Africa, Europe and the US. This partnership demonstrates the growing bond between China and Saudi Arabia and will be a key driver for the future development of the aluminum downstream industry in the region.”

The new industrial base in Riyadh will cover 1.5 million m² (15 hectares) and develop in two phases. Phase one, to be completed in 30 months, will create over 1,800 jobs and significantly boost the local economy.

Phase one production capacity includes:

  • Aluminum Extrusion: with a total production capacity projected to reach 200,000 tons, divided into two phases : phase 1 with 100,000 tons and phase 2 with 100,000 tons. The project includes building the most advanced extrusion factory, equipped with smart robotic automation equipment, making it the largest and most advanced facility of its kind in the region.
  • Solar Panel Frames: 30 million solar panel frames per year, enough to support 25 GW of new solar projects
  • Modular Construction: 30,000 residential modules per year, introducing innovative building solutions to the area, including the Modular Integrated Construction (MiC) systems

Hashtag: #ALUPCO #AAG

The issuer is solely responsible for the content of this announcement.

Share This Article
Email Copy Link Print
Previous Article Don’t leave disputes to chance: Kenyan businesses must embrace ADR
Next Article International Youth Explore Traditional Villages, Marvel at World’s Highest Bridge, and Promote China-Thailand Exchanges

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Absa Bank to Double Sustainable Finance Allocation to KES120 Billion

Absa Bank has unveiled its plans to increase its sustainable finance allocation to KES120 billion…

By Editorial Desk

Urysia Expands Operations in Kenya with Jeep and Citroën Launch

Urysia Limited has officially added Jeep and CitroĂ«n to its automotive portfolio, transforming the company…

By Editorial Desk

$1 Million Seeding The Future Global Food System Challenge Now Open for Submissions

BONN, GERMANY - Newsaktuell - 15 October 2025 - Global innovators are invited to apply…

By Editorial Desk

You Might Also Like

Corporate News from Media OutReach Newswire

From Design to Digital Health: Sansern Kiattivejsoonthorn’s Award-Winning Transformation

By Editorial Desk
Corporate News from Media OutReach Newswire

HKPC Releases “AI Readiness in Workplace Survey 2025” AI Adoption Approaches 90%, Talent Shortage is the Biggest Challenge; Eight Key Recommendations to Deeply Integrate AI with Industry Digital Transformation

By Editorial Desk
Corporate News from Media OutReach Newswire

AIA Foundation celebrates 30th anniversary with award of AIA Scholarships to the 5th cohort and launch of “AIA Purpose in Action” initiative

By Editorial Desk
Corporate News from Media OutReach Newswire

Noor Dubai Foundation and Choithrams Mark Completion of First Cataract Surgery Outreach Cycle in Sierra Leone

By Editorial Desk
East African Commerce & Industry Today
Facebook Twitter

About US

EA Commerce and Industry Today is a premier magazine dedicated to exploring the dynamic and ever-evolving landscape of commerce and industry in East Africa. Our mission is to serve as a trusted knowledge hub, connecting business leaders, innovators, and stakeholders across the region with insights, trends, and actionable intelligence.

For Press release, tips, interviews & features email: info@commerce.co.ke
Top Categories
  • World
  • Opinion
  • Politics
  • Tech
  • Health
  • Travel
Usefull Links
  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip

© EA Commerce and Industry Today. All Rights Reserved. Powered by Afritech Media

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?