ras alkhair remains world’s largest integrated aluminum city
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Ras Al-Khair remains world’s largest integrated aluminum city

Arab Today, arab today

Arab Today, arab today Ras Al-Khair remains world’s largest integrated aluminum city

Ras Al-Khair remains world’s largest integrated aluminum city
Ras Al-Khair - Arab Today

At a sprawling desert complex on Saudi Arabia’s northeastern Gulf coast, refineries, smelters and casting machines transform dull pink rocks into silver aluminum bars, a symbol of the Kingdom’s attempt to diversify its economy.
After only two years in operation, the $10.8 billion aluminum project at Ras Al-Khair, an industrial city 200 km north of the oil hub of Dammam, is already the world’s largest integrated aluminum facility.
In the coming years, the success of Saudi Arabia’s efforts to build an economy that does not rely on oil and state subsidies will depend partly on what Saudi Arabian Mining Co. (Maaden), which runs the complex, can achieve with it.
Aluminum is the company’s single-largest cash generator, with SR4.8 billion ($1.3 billion) revenue last year, so that mining is a pillar of Saudi Arabia’s shift away from oil.
Saudi hopes are pinned on vast untapped reserves of bauxite, used to make aluminum as well as phosphate, gold, copper and uranium.
The city includes a port, a 2,400-megawatt power plant for desalinating water and producing electricity, in addition to the railway line linking the complex directly to bauxite and phosphate mines.
For his part, Abdul Aziz Al-Harbi, president of Maaden Aluminum, a joint venture between Ma’aden and Alcoa, the US-based aluminum giant, said: "Ras Al-Khair city is really equipped to expand in so many industries, but I think the aluminum will be a major part of our future strategy."
He confirmed that the company's target is to be the lowest-cost producer in the world, which is already approaching now.
Exports of alumina, an intermediate substance in the production of aluminum, and more downstream industrial facilities are planned, said Al-Harbi.
Meanwhile, Deputy Crown Prince Mohammed bin Salman made big promises for the mining sector as part of a broad economic reform plan in April, confirming that mining would generate an annual SR97 billion and create 90,000 jobs within five years.

Source ; Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ras alkhair remains world’s largest integrated aluminum city ras alkhair remains world’s largest integrated aluminum city

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ras alkhair remains world’s largest integrated aluminum city ras alkhair remains world’s largest integrated aluminum city

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday