Agreement reached to bring major aluminum plant to Oklahoma
OKLAHOMA CITY (KFOR) — Oklahoma has entered into an agreement with one of the world's largest aluminum manufacturers to build a production plant in northeast Oklahoma, which is expected to create an estimated 2,800 new jobs.
On Thursday, Oklahoma Governor Stitt announced the state's non-binding agreement with Emirates Global Aluminum to build a primary aluminum production plant at the Tulsa Port of Inola.
“This is a monumental day for Oklahoma,” said Governor Kevin Stitt. “We are proud to welcome Emirates Global Aluminum to our state and excited for the generational impact this investment will have on our future. As President Donald Trump looks to onshore our nation’s supply chain for critical minerals, Oklahoma is leading the way in this sector. Thanks to our pro-business environment, Oklahoma is quickly becoming the critical minerals headquarters of the United States.”
According to the Governor's Office, the $4 billion project with EGA would create 1,000 direct jobs and 1,800 indirect jobs.
The agreement says that EGA would be awarded $545 million in Tax Increment Financing, or TIF, funds for the project in addition to several tax incentives.
“The United States has been an important market for EGA for several decades, and we know there is strong demand for our high-quality metal ‘made in America’," said Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium. "EGA has the skills, technology and capital to start rebuilding this great American industry, and in Oklahoma I am confident we will secure the right conditions to do so. This is an important moment for EGA, and for the economic relationship between the United States and the United Arab Emirates.”
Construction is expected to begin in 2026, and production is aimed to start between the end of 2029 and the beginning of 2030.
The full agreement can be read here.