Ahmad H Algosaibi and Brothers of Saudi Arabia (Algosaibi) has figured in a recent MoU for conducting a feasibility study for an aluminium rolling mill in the UAE.

Algosaibi signed the agreement with Mubadala Development Company of Abu Dhabi and the Greek firm Hellenic Aluminium Industries.
The rolling mill is planned to be sited at the Khalifa Port and Industrial Zone (KPIZ) in Abu Dhabi. According to a statement, the facility will have a minimum capacity of 350,000 tonnes per year sufficient to cover the entire needs of the Middle East and North Africa region for can-body and end stock, in addition to all other types of aluminium rolled products, with the possibility of exporting to Europe and Asia.
The statement elaborated that the main final products will include can-body and can-end stock, foil stock, paint stock, hot coils and general purpose coils. “This investment will provide further opportunities for local private investments in the downstream aluminium industry,” it said.
“A working group with senior experts from all the parties has already been formed to coordinate and manage all works during the feasibility study stage.”
Mubadala is developing a number of strategic projects in the UAE including an aluminium smelter which is being built by its subsidiary Emirates Aluminium Company at the KPIZ.  It is promoting local added-value downstream industries from the smelter.
The Greek firm Elval produces aluminium rolled products including aluminium can-body and can-end stock, and cooperates closely with Furukawa Sky Aluminium Corporation of Japan.
Algosaibi, a private company that owns a wide range of industries in Saudi Arabia and the Middle East, requires aluminium can-body and can-end stock for the can-making operations it co-owns with Crown Holdings.
The joint ventures that Algosaibi has for businesses related to cans include Crown Arabia, Dammam, Saudi Arabia; Crown Jeddah Beverage Can-making, Jeddah, Saudi Arabia; Emirates Can Company, Dubai, UAE; Crown Middle East Can, Amman, Jordan; Crown Maghreb Can, Elaqaba,Tunis; National Factory for Can-Ends, Jeddah, Saudi Arabia; and Saudi Crown Cork, Riyadh, Saudi Arabia.
For over 70 years, Ahmad H Algosaibi & Bros has built its experience and reputation on successful partnerships, agencies and trading in the region. Today, it is one of Saudi Arabia’s largest holding companies with interests in banking, finance, insurance, travel services, manufacturing, construction, real estate, trading and shipping. Among the partners are many world-famous multinationals such as Pepsi Cola, Shaw, Crown, American Express, BP, Jotun and Sumitomo.
The company began operations in 1940 as a money exchange and confectionary shop under the name of Hamad Algosaibi & Sons. Following the entrepreneurship of their late father, the three brothers, Ahmad, Abdulaziz and Sulaiman, went on to expand and establish diversified business portfolios.
Early commercial achievements included the first bonded warehouse dedicated solely to the Saudi Aramco business of OCTG, Linepipe and TBR. It also supplied Saudi Aramco’s first pipeline order, tugboats, aviation and railroad-related products, and tires.
Early industrial achievements included the first soft drinks bottling factory for Pepsi Cola products in the mid-50s and beverage cans in the 1980s. It was also a co-founder of the first power station and the first cement factory in the area.
While initially the company’s activities centred on money exchange and trading, today the group’s activities have grown substantially to encompass a broad spectrum of well-diversified activities spanning general trading, manufacturing, financial services, shipping, stevedoring and port services, inland container and cargo transportation, travel, hotels, electrical engineering, specialised contracting and energy.
Many of these joint venture companies, subsidiaries and those with which it has a major interest have been established in the region for a considerable time.