Top Industrial Companies in Saudi Arabia
Marcopolis.net has ranked the largest industrial companies in Saudi Arabia. In compiling the list, we excluded some the top private companies that are not subject to disclosure.
imported 2024-03-17 17:43:06
Marcopolis.net has ranked the largest industrial companies in Saudi Arabia. In compiling the list, we excluded some the top private companies that are not subject to disclosure.
Qurain Petrochemical Industries announces 67% net profit increase for first three quarters of FY2014/2015 Consolidated operational income up 491% in Q3
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%.
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.
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.
Ali O. Al-Rakban, CEO of Al Safi, Saudi Arabia
With our 35 years of experience in Saudi in the modern agricultural industry and especially in dairy as well as in poultry, I believe we created a world-class, efficient agricultural project. The biggest challenge is and will be with water consumption. For example, today 96% of the water consumption in the dairy business comes from feeding.
The market for environmental services in Saudi Arabia is big and it is booming. Many companies have invested in Saudi Arabia particularly in the oil and chemical sectors. Therefore, there exists a great need to dispose of the waste products from these industries in order to protect the environment.
Emad Al-Shamma, CEO of Al Khafrah Group Holding
We are investors and developers. The concepts that we operate in are very simple; we would like to see the proper industrialisation of Saudi Arabia by bringing new technology into the country. We are not using a copy and paste concept; instead, we are being very innovative.
“Al-Khafrah Holding Group is a privately owned company, established by Sheikh Mubarak Al-Khafrah. We have multi-departments and sections responsible for renewable energy, industrial investments, real estate development and property development,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“There are so many industrial products worldwide that you cannot count them all. However, if you are seeking new products, then Saudi Arabia is the place where you can implement the industrialisation of new products,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.