Five years from now, Saudi Arabia is set to become a major aluminum exporter once the three mega smelter projects worth more than $10 billion start producing nearly 2.4 million tons, the National Commercial Bank (NCB) said in a study.
At present, the Kingdom’s aluminum industry is concentrated in the downstream sector, the study said.
More than 110 companies make up the sector, which processes various types of imported aluminum products to produce aluminum fixtures for construction, kitchens, cooking utensils and other aluminum-related applications, the study on Saudi Arabia’s aluminum industry noted.
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