Vedanta Copper signed an MoU with Saudi Arabia to invest $2 billion in copper projects, including a greenfield smelter, refinery, and rod mill in Ras Al Khair.
Supporting Vision 2030, the projects aim to boost self-reliance, create jobs, and add ~$19 billion to GDP.
Initial production starts in FY 2025-26, as global copper demand rises with energy transition efforts.