Industry

imported 2024-03-17 17:43:06

Largest Steel Companies in Saudi Arabia

The current demand for steel in Saudi Arabia is around 10-12 million tons per year. The current capacity of Saudi steel companies is 8m tons per year. The demand for steel is to grow by 19.5% on the backdrop of large governmental project, infrastructure spending, transportation and most importantly housing projects. 70% of Saudi population does not own any house at all. The supply is supposed to grow by 9%.

Saudi Arabia – No Longer a One-Basket Economy

The Kingdom of Saudi Arabia and oil are some of the oldest synonyms in contemporary history. But the kingdom has more to offer than black gold, and the government in Riyadh is working tenaciously to diversify the economy. “If you compare it by GDP, oil represents 85 percent in Saudi Arabia,” says Abdulrahim Al-Zamil, Chairman of the multi-industry conglomerate Zamil Group.

Doing Business in Saudi Arabia is the Easiest According to Zamil

Abdul Rahman Al-Zamil, Chairman of Zamil Group
Without any hesitation I can tell you that doing business in Saudi Arabia is the easiest of all of these countries. Easy business doesn’t mean only government procedures.

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