Energy Sector in Saudi Arabia: Altaaqa
Emad K. Mukhalalaty, Managing Director of Altaaqa talks about energy sector and power infrastructure.
Major infrastructure projects on the Red Sea
Michael Wuebbens, managing director of Huta Group talks about the major infrastructure projects on the Red Sea.
Desalination market worth SAR 70 bn over the next 5 years
The figures can be deceiving. You might hear figures like 300 or 400 billion. Desalination is a very tough business that requires a lot of engineering. Even if you have resources, you have what are called ‘technical capacity limitations’ and you need to do an environmental impact study. So there are other factors that dictate the uncontrolled expansion of the desalination market. Several issues need to be taken into consideration including environmental impact, engineering capabilities, the availability of first class EPC contractors etc.
Huta Group: Working on Biggest Marine Construction Projects in Saudi Arabia
The group has in total some 6 or 7 thousand employees. We have a yearly consolidated turnover from all of the group companies in the order of 3.5 to 4 billion riyals. Due to the nature of our equipment, we have a very significant fixed asset base because in our marine business we are running more than a hundred marine construction vessels.
Power Sector in Saudi Arabia Growing by 7.5% per Annum
The power sector is growing rapidly, at the rate of 7.5% per annum, which is not easy to manage. Today, any power plant, that is just developing, will require 2 to 5 years for it to be ready for production. 50% of the population today is under the age of 20.
Strategy of SATCO Saudi Arabia
“With the leadership of our Chairman and his vision, we have diversified our business line between construction, catering, facilities management, operation and maintenance, airport systems, and other lines of business that we already signed significant international partnerships on,” says Dr. Ahmed Sindi, General Manager of SATCO.
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Housing Projects in Saudi Arabia: SATCO’s Project in Taima
“One of the government’s initiatives that SATCO is participating in is that SATCO has won a significant contract by the Ministry of Housing to build 778 villas in the northern region of Taima. It is a large project worth over 400 million Saudi riyals. SATCO so far has been one of the star contractors in terms of performance and delivery for such projects,” says Dr. Ahmed Sindi, General Manager of SATCO.
Demand for Air Travel in Saudi Arabia Will Grow
“Those big infrastructure projects that are catering to a growing economy suggest that demand on air travel and traveling between various parts of Saudi Arabia is going to grow. The government recognized that and has put aside many billions of dollars to improve its international airports and its local airports,” says Dr. Ahmed Sindi, General Manager of SATCO.
Airports in Saudi Arabia and SATCO’s Investments
“SATCO is very active in airport systems. For more than 25 years, we had a contract to operate the luggage carousels in King Khalid Airport,” says Dr. Ahmed Sindi, General Manager of SATCO.
Largest Public Construction Firms in Saudi Arabia
Marcopolis.net has ranked the largest public construction firms in Saudi Arabia. The construction sector will continue good growth on the backdrop of government spending. There are many other private family owned construction companies and marcopolis.net will attempt to rank them over here.