Saudi Arabia Announces $6 billion Investment In Steel Complex, EV Battery Metals Plant

06 May 2022 | Abstracted from Alarabiya

"audi Arabia’s Ministry of Industry and Mineral Resources said it has secured $6 billion for a steel plate mill complex and electric vehicle battery metals plant as part of plans to lure $32 billion of investment into the mining sector...

"The nine projects include a $4 billion steel plate mill complex for the shipbuilding, oil and gas, construction and defense sectors and a “green” flat steel complex that will supply the automotive, food packaging, machinery and equipment, and other industrial sectors.

"Both projects are already underway, as is a $2 billion EV battery metals plant."

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