Vedanta plans $2 billion investment in Saudi Arabia copper projects
ECONOMY & POLICY

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project.

According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects within the Kingdom. The initiatives are designed to support the Kingdom’s ambitious Vision 2030, which seeks to unlock mineral resources valued at approximately $1.3 trillion and increase the minerals sector's GDP contribution from $17 billion to $64 billion by 2030.

Vedanta intends to begin its operations in Saudi Arabia with a 125 KTPA copper rod mill project, requiring an initial investment of $30 million. The company confirmed that all necessary approvals have been secured, land has been acquired, and technology orders have been placed. Work at the project site is expected to commence soon, with commercial production targeted for the fourth quarter of FY26.

Currently, Saudi Arabia’s copper demand stands at approximately 365 KTPA, a figure projected to more than double by 2035. At present, the demand is largely met through imports. Vedanta’s planned copper smelter, refinery, and rod projects will be located in Ras Al Khair Industrial City within the Kingdom.

The company added that recent visits by senior officials from Saudi Arabia’s Ministry of Mines and the National Industrial Development Centre to its operations in India have strengthened the foundation for on-going high-level discussions, which are progressing as planned.

These projects are anticipated to create thousands of jobs, foster the development of downstream industries, and contribute $19 billion to Saudi Arabia’s GDP. Over time, they are also expected to advance the Kingdom’s goal of achieving self-sufficiency in its copper supply chain.

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects within the Kingdom. The initiatives are designed to support the Kingdom’s ambitious Vision 2030, which seeks to unlock mineral resources valued at approximately $1.3 trillion and increase the minerals sector's GDP contribution from $17 billion to $64 billion by 2030. Vedanta intends to begin its operations in Saudi Arabia with a 125 KTPA copper rod mill project, requiring an initial investment of $30 million. The company confirmed that all necessary approvals have been secured, land has been acquired, and technology orders have been placed. Work at the project site is expected to commence soon, with commercial production targeted for the fourth quarter of FY26. Currently, Saudi Arabia’s copper demand stands at approximately 365 KTPA, a figure projected to more than double by 2035. At present, the demand is largely met through imports. Vedanta’s planned copper smelter, refinery, and rod projects will be located in Ras Al Khair Industrial City within the Kingdom. The company added that recent visits by senior officials from Saudi Arabia’s Ministry of Mines and the National Industrial Development Centre to its operations in India have strengthened the foundation for on-going high-level discussions, which are progressing as planned. These projects are anticipated to create thousands of jobs, foster the development of downstream industries, and contribute $19 billion to Saudi Arabia’s GDP. Over time, they are also expected to advance the Kingdom’s goal of achieving self-sufficiency in its copper supply chain.

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?