Dive into the core of Saudi Arabia’s industrial transformation, where the Metals & Minerals sector emerges as the dynamic third pillar of a US$ 2 Trillion revolution. Abdullah Alrashidi, Consulting Analyst and Haitham Abughazaleh, Account Manager of Chemicals & Materials Growth Advisory Practice at Frost & Sullivan, delve into the strategic significance of the Aluminium Industry in Saudi Arabia’s Vision 2030.
Key Highlights:
- Vision 2030 Focus: Discover how Saudi Vision 2030 strategically positions the aluminium industry for growth, emphasizing sectors like automotive, defense, and aerospace. The commitment to Green Aluminium sets the stage for a NetZero target by 2060.
- Strategic Investments: The Royal Commission for Jubail and Yanbu forecasts investments of US$ 11.4 billion, signaling a shift towards major integrated aluminium projects in Yanbu and Ras Al Khair. Mega projects, including NEOM and Al Qiddiya, fuel opportunities in Building & Construction.
- Automotive Revolution: Lucid Group’s 2023 launch of Saudi Arabia’s first car manufacturing facility, aiming to produce 155,000 EVs annually, opens avenues in aluminium downstream and component manufacturing.
Downstream Opportunities:
- Supply-Demand Gap: Haitham explores Saudi Arabia’s unique position, providing access to downstream industries with a 100% demand-supply gap, particularly in Aluminium Foil Packaging & Building Construction.
- Hybrid Setup: Learn about the innovative hybrid setup, blending Midstream products using primary metal & scrap, and accessing Liquid Aluminium/Ingots from Maaden Aluminium at Ras Al Khair.
Frost & Sullivan Metals & Minerals practice supports clients with growth advisory services, offering detailed & pre-feasibility analysis, business plan development, strategic roadmaps, and sourcing strategy.
Watch the video where Abdullah and Haitham unfold the layers of localization, value creation, and the promising future of the Aluminium Sector in the Kingdom.
