{"id":"890d8694-841c-4eee-b456-3feee3ee2e0e","slug":"aramco-x-baosteel-x-pif-saudi-steel-jv","name":"Aramco x Baosteel x PIF (Saudi Steel JV)","partnershipType":"joint_venture","status":"announced","announcedDate":"2023-05-01T12:00:00.000Z","startDate":null,"endDate":null,"summary":"Aramco, Baosteel, and Saudi Arabia's Public Investment Fund (PIF) signed a shareholders' agreement to establish the first integrated steel plate manufacturing complex in Saudi Arabia, located in Ras al-Khair Industrial City. The facility will have a capacity of 1.5 million tons per year with a natural gas-based DRI furnace to reduce CO2 emissions by 60%.","sources":[{"url":"https://www.aramco.com/en/news-media/news/2023/aramco-baosteel-and-pif-sign-agreement","title":"Aramco, Baosteel and PIF sign agreement to establish first integrated steel plate manufacturing complex in Saudi Arabia","sourceName":"Aramco (official)"}],"verificationPosture":"reported","reviewStatus":"reviewed","createdAt":"2026-08-15T23:07:08.891Z","updatedAt":"2026-08-22T19:21:48.102Z","parties":[{"id":"d9c61b8d-e3e8-4ff3-8884-25bef7c3e93f","partnershipId":"890d8694-841c-4eee-b456-3feee3ee2e0e","companyId":"9c48a703-f2d7-4f1f-8578-041ae70fbe95","externalName":null,"role":"technology_provider","createdAt":"2026-08-15T23:07:09.273Z","company":{"id":"9c48a703-f2d7-4f1f-8578-041ae70fbe95","slug":"baosteel","name":"Baosteel Group"}},{"id":"bba28a87-a90b-4568-b300-b24e3e16c5e8","partnershipId":"890d8694-841c-4eee-b456-3feee3ee2e0e","companyId":null,"externalName":"Aramco","role":"co_developer","createdAt":"2026-08-15T23:07:09.664Z","company":null},{"id":"47a2ca4b-786e-4235-a9dd-89fd95ebec07","partnershipId":"890d8694-841c-4eee-b456-3feee3ee2e0e","companyId":null,"externalName":"Public Investment Fund (PIF)","role":"investor_partner","createdAt":"2026-08-15T23:07:10.050Z","company":null}]}