Alujain Corporation and Beaulieu International Group announced the signing of a Memorandum of Understanding for an envisaged strategic joint venture in the Kingdom of Saudi Arabia. This represents a significant milestone in the Kingdom of Saudi Arabia’s industrial development agenda. 

 

The partnership, subject to approval by authorities, brings together Alujain Corporation’s established regional manufacturing platform with state-of-the-art polymers and Beaulieu’s globally recognized expertise in synthetic fibres and non-wovens.

 

The joint venture will focus on expanding Alujain Corporation's existing GEONATPET activities in Yanbu.

 

Commenting on the envisaged partnership, Jean-Baptiste De Ruyck, CEO at Beaulieu, stated: “This strategic investment reflects Beaulieu’s long-term commitment to expanding and strengthening our core capabilities while developing a truly global manufacturing platform. Through this joint venture with Alujain Corporation, we are pleased to bring our advanced technologies, operational expertise, and global market experience in synthetic fibres to the Kingdom of Saudi Arabia. By combining world-class manufacturing assets, best-in-class machinery, and highly skilled teams, we aim to deliver superior efficiency, enhanced reliability, and long-term value for our customers across the globe.”

 

On top, the expanded global operational fibres footprint created through the joint venture, will further enhance supply chain resilience and delivery reliability for customers worldwide.

 

Mr. Khalid Al Dawood, CEO of Alujain, commented: “This partnership represents a significant milestone in Alujain Corporation’s downstream growth strategy and our ambition to provide advanced geosynthetics solutions for major infrastructure projects. In collaboration with Beaulieu, we will accelerate the localization of advanced materials that are critical to infrastructure, construction, and environmental applications, while supporting the Kingdom to deliver its Vision 2030 ambitions and expanding the Kingdom’s export capabilities to global markets.”

 

The envisaged partnership reflects a shared commitment by Alujain Corporation and Beaulieu to advancing industrial localization, fostering technology transfer, and positioning the Kingdom of Saudi Arabia as a leading hub for synthetic fibres and non-woven manufacturing.

 

Alujain was established in 1991 with a view to adding value to Saudi Arabia’s natural hydrocarbon and mineral resources. It is a listed Saudi joint stock company and its head office in Riyadh, Kingdom of Saudi Arabia. Alujain Corporation's objective is to identify, promote, develop and invest in major industrial projects in the petrochemicals, mining, metals and energy sectors in the Kingdom of Saudi Arabia by taking advantage of the Kingdom's natural resources vis-a-vis hydrocarbons and mineral deposits. Alujain strives to contribute to the industrialization of Saudi Arabia by establishing world-scale globally competitive industrial projects with a commitment to creating shareholder value and utilizing local strengths and talents, also setting the highest standards of national, social and environmental responsibility.

 

From left to right: Saleem Akhtar (CFO) Alujain Corporation, Rajesh Kumar (Sr. Projects Manager) NATPET, Mohammad Barad’i (General Manager ) NATPET Downstream, Mohammed Al-Shamrani (VP of Conversion Chemicals) NIDC, Naif Alkhaldi (General Manager of Conversion Industry ) MISA, Pieter Vanoosthuyse (Director Strategy & Business Development) Beaulieu, H.E. Khalil Bin Salamah (Vice Minister for Industrial Affairs) MIM, Jean-Baptiste De Ruyck (Chief Executive Officer) Beaulieu, H.E. Pascal H. Grégoire (Ambassador) Embassy of the Kingdom of Belgium in Riyadh, Khalid Al Dawood (Chief Executive Officer) Alujain Corporation, Saleh Alsolami(Chief Executive Officer) NIDC, Abdulaziz Al-Ahmadi‏ (Deputy Minister for Industrial Development )MIM, Ahmed Bin Eid (EVP, Chemicals) NIDC, Habib Al Harbi (Director of Conversion Chemical) NIDC, Wim van Cauteren (Trade & Investment Commissioner) Belgian Embassy Riyadh
 

Photo: © Beaulieu International Group