This strategic partnership marks a significant step towards localizing a critical component of the metal packaging value chain, aligning with the economic diversification objectives of Saudi Vision 2030. The joint venture will develop a cutting-edge manufacturing facility in Ras Al-Khair Industrial City, with an annual production capacity of 400,000 metric tons. The plant is expected to fulfill domestic demand while also positioning Saudi Arabia as a key regional exporter.

Designed to serve the growing needs of the tinplate industry across the Middle East and North Africa region, the collaboration leverages WFI’s and DHX’s combined technological, operational and commercial strengths. These include advanced manufacturing capabilities and deep market expertise, providing the joint venture with a strong competitive advantage.

The project will also deliver substantial local content benefits, including technology transfer, workforce development and the creation of over 500 jobs in the Kingdom.

The AS&H Clifford Chance team advising WFI was led by Majid Al-Sheikh (Partner and Head of Corporate) and Daniel Royle (Partner), supported by Alexander Duffy (Senior Associate) and Omar Al-Harbi (Associate). Sultan AlFayez (Partner) and Dmitry Gumenyuk (Senior Associate) led on the construction aspects of the transaction.