Alcoa Increases Ma’aden, Saudi Arabia Investment
Alcoa is increasing its investment in a partnership it operates with Saudi Arabian mining company Ma’aden. The cooperation is focussed on the development of “the largest, most efficient vertically integrated aluminium complex in the world,” according to the two companies.
Comprising of a bauxite mine, refinery, smelter and rolling mill, the facility is scheduled to come on-line in 2013 and 2014. The new industrial zone will benefit from access to “extraordinary infrastructure projects put in place by the Saudi government to generate industrial diversification in the Kingdom,” Alcoa representatives commented in the firm’s internal newsletter.
A power station will supply highly competitive energy to the complex and, in conjunction with the production of energy, will produce another precious commodity in the Middle East – desalinated water.