Doosan Heavy wins $834m contract for Saudi casting and forging plant
Staff Report, February 14, 2022
Tuwaiq Casting & Forging located within King Salman International Maritime Industries Complex in Ras Al Khair near Jubail to be kingdom’s largest plant of its kind with 400,000sqm metalworks facility
Saudi Arabia’s Tuwaiq Casting & Forging has awarded a $834 million contract to South Korea's Doosan Heavy Industries & Construction Company for the construction of a 60,000-tonne-a-year casting and forging plant in the Ras Al Khair region of the kingdom.
The Tuwaiq Casting & Forging plant will be located within the King Salman International Maritime Industries Complex in Ras Al Khair near Jubail in the Eastern Province of Saudi Arabia. Work will begin soon on the 400,000 square metre casting and forging facility and is due for completion in the first quarter of 2025, said Doosan Heavy.
Tuwaiq Casting & Forging is a tripartite joint venture between Doosan Heavy, Saudi Arabian Industrial Investments Company (Dussur) and Saudi Aramco Development Company, a wholly-owned subsidiary of global energy giant Saudi Aramco.
The plant is expected to be Saudi Arabia’s largest casting and forging facility, equipped with integrated production lines, including steel making, casting and forging and processing,
Major product lines from the facility are expected to include casting and forging materials for pumps and valves used at petrochemical plants and for equipment used in shipbuilding and offshore plants in Saudi Arabia. In the long term, the partners intend to expand the product mix of the facility to cover power generation plants and wind power plants.