Steel industry in saudi arabia Oct 30, 2012 · According to data from the Arab Iron & Steel Union (AISU), Saudi Arabia’s crude steel output is expected to hit 6. At LION STEELS we seek to remain contemporary and always at the forefront of development through our ability . Jun 27, 2024 · The steel industry in Saudi Arabia is poised for substantial growth, supported by robust government initiatives and strategic investments in infrastructure and construction projects. While the market faces challenges such as overcapacity in certain segments, the overall demand outlook is positive. We entered the Steel Business from Riyadh, Saudi Arabia, by the end of 2003. 2 percent of the total production in the Middle East and North Africa region Our product portfolio consists of a broad range of hot-rolled and cold-rolled flat products in coil form, long products, and wire rod coils. 3 Increasing Government Spending for New Projects in Various Sectors. 1 Economic Growth Buoyancy to Steel Industry 4. 9m tonnes in 2012, well up on the 4. 2 Increasing Capital Investment towards Infrastructure Our Company is powered by this very force of change and sets the pace for the stainless steel industry in Saudi Arabia and Middle East. Sep 16, 2024 · Saudi Arabia’s iron and steel industry generated a production value of $5. L. Saudi Arabia structural steel market size is projected to grow at a CAGR of 4. 7 Billion in 2024. Reinforcement, Nails, Wire(HDG, ELG, PVC, Black) Chain Link, Barbed Wire, Welding Wires. Mar 27, 2024 · As of 2022, Saudi Arabia produced an estimated 9. The country’s strategic location and well-developed infrastructure further enhance its export capabilities. Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries. 1 Concrete Reinforcing Bar (Rebar) Saudi Arabia Structural Steel Fabrication Market Analysis The Saudi Arabia Structural Steel Fabrication Market size is estimated at USD 2. Saudi Arabia steel market size size reached USD 8. The production of high-quality steel products has positioned Saudi Arabia as a global player in the steel market. Looking forward, IMARC Group expects the market to reach USD 11. Saudi National Steel Factory (SNS) was commissioned in Year 2017 and is fully owned company of Al Nasser Industrial Enterprises L. 4 billion in 2023, representing 7. 2% of the Saudi Arabian GDP invested. Bait Al Tatawor Company has emerged as a leading Steel Supplier / Processor in the Saudi market as well as exporting internationally. This includes a detailed market research of 109 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Dec 9, 2020 · Saudi Arabia’s’ National Industrial Development Center said the kingdom has 41 existing factories that produce steel at a capacity of 18 million tonnes. The industrial centre is developing a strategic plan targeting the localisation of new products that support supply chains of some industries such as the oil and gas, and shipbuilding industries, according to a … KSA has 41 steel Sep 17, 2020 · Saudi Arabia Steel Industry in the Gulf Cooperation Council (GCC) Context 4. About us Founded in 1984 by the founder, late Mohammed Abdul Aziz Al-Rajhi. 2 days ago · Steel is the driving force behind the advancement of the economic development of the Kingdom of Saudi Arabia. This is the list of the largest public listed companies in the Steel industry from Saudi Arabia by market capitalization with links to their reference stock. The Kingdom`s Vision 2030 program also includes plans for further expansion into infrastructure and heavy industry. During the research, the analysts studied Saudi Arabia’ crude steel production along with finished steel production and consumption in the country. 2 percent of the total production in the Middle East and North Africa region Apr 18, 2023 · The country has a well-established steel industry, which plays a crucial role in supporting the country's Summary Saudi Arabia Iron & Steel Market in 2023 and by 2025 Saudi Arabia is one of Focused on building the new steel industry in Saudi Arabia in line with the Vision 2030 targets, the National Committee for Steel Industry (NCSI) has started the new calendar year with a decision on who will take the sector’s helm. The Saudi Arabia steel market is expected to grow at a CAGR of 4. 11 comprehensive market analysis studies and industry reports on the Steel sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 67m tonnes produced in 2008, while leading producers Saudi Basic Industries Corporation (SABIC), Tuwairqi Steel Mills and Rajhi Steel will collectively turn out some 7. From the beating heart of the Kingdom, Riyadh, Alssad Steel Company seeks to keep pace with the economic and urban growth in the Kingdom of Saudi Arabia and the goals of Vision 2030 by supporting the local industry in the Kingdom and producing rebar with the highest quality standards. Al-Ittefaq Steel has been focusing on the steel industry since 1989. The company was The plants are applying the latest state-of-the-art technologies and equipment to product high […] Try comparing two companies from the list To compare two leading companies in Saudi Arabia by revenue listed above, you can select two top-rated companies and see their general company information which includes details such as total number of employees, revenue, as well as additional details. 21 billion in 2024, and is expected to reach USD 3. 9% between 2024 and 2032. 30% during the forecast period (2024-2029). 4. Without steel there would be no oil industry, no water in our homes, no lights in our streets, no cars to drive, no cities to live in. It is one of Mohammed Abdul Aziz Al-Rajhi & Sons group of companies. C (ANIE), a renowned industrial conglomerate with manufacturing activities in sectors like Steel, Polymers, Structural Fabrication and Industrial Intermediates located across the AGCC & MENA region with its Head Modern Factory For Steel Industries Co. Jun 6, 2019 · The report analyzes the Saudi Arabian steel industry’s performance from 2015 to 2024 by highlighting its major growth drivers. 2 Increasing Capital Investment towards Infrastructure Projects 4. It consists of various plants specialized in producing different types of steel products. Growth Drivers 4. 4% during 2025-2033. 1 Crude Steel 5. Feb 19, 2024 · Moreover, the steel industry in Jeddah has immense export potential. stands to benefit significantly from Saudi Arabia’s ambitious infrastructure development projects, which are driving growth in the steel industry. STEEL MANUFACTURER & SUPPLIER IN DAMMAM, KSA. 2 days ago · It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world. According to the World Bank in 2022, the value added of industrial sector (including construction) constitutes 53. 4m tonnes of billet this year. 1 Production 5. 2. ALBA was established in 1980, specializing in the production and design of prefabricated houses which soon became widespread throughout the Kingdom of Saudi Arabia. Saudi Arabia Steel Industry Outlook to 2020 5. As the country strives to become a global logistics hub and a tourist destination, massive investments in infrastructure are fueling a surge in demand for steel. Jul 24, 2024 · Steel production in MENA is primarily concentrated in four countries, which collectively account for 70% of the region’s output. 76 billion by 2029, growing at a CAGR of 11. This news has brought confidence to the representatives of the domestic steel industry. 8 Billion by 2033, exhibiting a growth rate (CAGR) of 3. After several years of constant development and hard work, we expanded the business to include diverse lines of business all of which are within the steel industry. 7 million metric tons in 2021. com Mitwalli Steel Products Factory Co. Sep 13, 2022 · Saudi Arabia’s iron and steel industry is well-positioned to accelerate transition to green and sustainable production thanks to technology choices, availability of low-cost electricity and natural gas and government programmes like the Saudi Green Initiative, the Minister of Investment Khalid Al-Falih said. 5. 8% from 2020 to 2026, due to the presence of numerous industrial activities and ongoing projects in the country. Steel lies at heart of progress, from medical instruments to solar power, from high-tech forging to our transportation network. Iran, Egypt, Saudi Arabia, and the UAE producing a total of 50 million tonnes of crude steel in 2023 1. 1. It is the largest private steel manufacturer in Saudi Arabia, with an annual production capacity of more than 100,000 tons. 1 Long Products 5. Ltd. . As one of the largest steel producers in the region, we are committed to supporting infrastructure development in Saudi Arabia and maintaining best-in-class standards in efficiency, reliability, and EHSS. 2 Finished Steel 5. Jul 1, 2024 · Top 3 largest Saudi Arabian Companies in the Steel industry by Market Cap. Skip to content +966-13-8123344 sales@mfsico. 1 million metric tons of steel, an increase from around 8. Our Company is powered by this very force of change and sets the pace for the stainless steel industry in Saudi Arabia and Middle East. mwgjh qqmpzdw gsyyz bzcyshgp apuhv dpgrdg ojdvgqe rzc oqpr qahan
Steel industry in saudi arabia. 2 Increasing Capital Investment towards Infrastructure .
