Saudi-U.S. joint venture Maaden-Alcoa has signed a contract worth SR5.6 billion ($1.49 billion) with South Korea's Hyundai Engineering & Construction Co. Ltd. to construct an alumina refinery at Ras Al-Khair on Saudi Arabia's Gulf coast.
The contract includes detailed engineering, procurement, construction, pre-commissioning, commissioning assistance, start-up assistance and training services, the Arab News reported on Sunday.
The alumina refinery forms part of the fully integrated aluminum project under construction by Maaden-Alcoa. The project also includes a bauxite mine at Al-Baitha and an aluminum smelter and rolling mill, both at Ras Al-Khair.
The refinery will have an annual production capacity of 1.8 million tons of smelter-grade alumina and is scheduled for completion by the end of 2014.
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