TUWAIQ Casting & Forging

Partners:

• Dussur
• Saudi Aramco
• Doosan Corporation

In July of 2020, Dussur, Doosan Corporation, and Saudi Aramco (Mukamala) came into a partnership agreement to develop Twuaig Casting & Forging Company LLC in Ras AlKhair, Eastern Province, Kingdom of Saudi Arabia with an investment Size of 940 million US$. With a State of the art facility, the factory produces its products using sand mold casting and open-mold forging. The factory aims to produce 60,000 tons per year, the majority of which will be supplied to local and foreign businesses in the oil and gas sector and other industries. In addition to providing drilling rigs and drilling equipment, this joint venture will also service the marine and engine industries. With the creation of 1,400 direct jobs, it’s expected that this project would contribute in the attainment of the localization targets set forth by the many programs and initiatives aimed at increasing the amount of locally produced products. It is planned that the commercial operation will begin place in the first quarter of the year 2025.