Abstract: A new and distinct Alocasia cultivar named ‘ALO3’ is disclosed, characterized by medium size, dark green, thick glossy foliage, very vigorous growth with very early and abundant basal shoot production. The new variety has closely overlapping, sagittate to nearly hastate leaf blades with narrow silver shadowing and glossy dark burgundy under leaf , as well as contrasting light pink petioles with green or brown streaks. The new variety is very easy to grow under low or high light conditions and well as low or high temperature conditions and is suitable for 6-8 inch pot production from a single tissue culture plantlet. The new variety is an Alocasia, typically produced as an ornamental plant.