Forging and Casting Facility-Ras Al-Khair

Overview

Establishing a forging and casting facility in King Salman Global Maritime Industries Complex, Ras Al-Khair. The facility spans a total area of 400,000 square meters, with a production capacity of 60,000 tons per annum (tpa) of sand-casting and open-die forging, and materials needed to produce manufacturing and operating equipment, including valves, pumps, compressors, wellheads, flanges, heat exchangers, and gas and wind turbines. The project is a joint venture between Saudi Aramco, The Saudi Arabian Industrial Investments Company (Dussur) and Doosan Heavy Industries & Construction.

 

Project Information

Industry
  • Mining and metals > metal production
3130.00 (Million Riyal) * Estimate:
60,000 tons / year
Saudi Arabia
Jubail
Ras Al-Khair
Under Construction
2022
2025
  • Saudi Aramco wholly owns Saudi Aramco Development Company (SADCO).
  • The Saudi Arabian Industrial Investments Company (Dussur) owns a 70% stake in the project, while Saudi Aramco owns a 15% stake and Doosan Heavy Industries & Construction owns the remaining 15%.
  • In Q1 2022, SADCO, Doosan Heavy Industries and Construction and Dussur signed an agreement to establish the facility. The construction works are expected to start in 2022 and end in Q1 2025.
  • In Q1 2022, the company announced that it awarded Doosan Heavy Industries and Construction a deal worth SAR 3.13 billion to build the plant.
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Owners

Name
Percentage
Tuwaiq Casting & Forging Co.
100.00%

Related Parties

Name
Role
Saudi Aramco Development Company
Indirect Owner
Doosan Heavy Industries & Construction Co.
Indirect Owner
Saudi Arabian Industrial Investments Co.
Indirect Owner
Saudi Arabian Oil Company
Indirect Owner

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