Steel Plate Manufacturing Complex

Overview

Establishing an integrated steel plate manufacturing complex in Ras Al-Khair Industrial City, with a production capacity of up to 1.5 million tons per annum. The facility is equipped with a natural gas-based direct reduced iron (DRI) furnace and an electric arc furnace, which aims to reduce CO2 emissions. Steel plates are considered strategic products that are used as a main component in various industries, such as pipelines, tanks, commercial or military marine industries and ship construction. The project is a joint venture between Saudi Aramco, Baoshan Iron & Steel Co., Ltd. (Baosteel) and the Public Investment Fund (PIF).

Project Information

Industry
  • Industrial Manufacturing > Machinery and Equipment > Pipes & Pumps
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1.5 million tons/year
Saudi Arabia
Jubail
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Announced
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  • On May 1, 2023, Saudi Aramco, Baosteel and PIF announced the signing of shareholders’ agreement to establish an integrated steel plate manufacturing complex in Saudi Arabia.
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Owners

Name
Percentage
Saudi Arabian Oil Company
Public Investment Fund
Baoshan Iron & Steel Co., Ltd.

Related Parties

Name
Role
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