10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
34.99 EUR EUR EUR
32.25 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Al Yamamah steel company completes phase one of Jeddah pipe factory

With plans for further expansion and development, Al Yamamah Steel Company aims to strengthen its position as a leading steel manufacturer in the Middle East and beyond, supporting Saudi Arabia's vision for a vibrant and sustainable industrial sector.

Al Yamamah steel company completes phase one of Jeddah pipe factory

In a significant development for Saudi Arabia's industrial sector, Al Yamamah Steel Company has proudly announced the successful completion of the first phase of its state-of-the-art pipe factory in Jeddah. The company announced that commercial production has commenced following the project’s completion. The expansion aims to enhance the production capacity of pipes and other steel solutions.

The newly completed phase of the factory boasts cutting-edge technology and advanced manufacturing processes, enabling Al Yamamah Steel Company to produce high-quality pipes to meet the increasing demands of the domestic and international markets.

"We are thrilled to reach this important milestone in our journey," said the CEO of Al Yamamah Steel Company. "This achievement underscores our commitment to innovation and excellence in steel manufacturing, as well as our dedication to contributing to the economic growth of Saudi Arabia."

The completion of the first phase of the pipe factory signifies a significant investment in the Kingdom's industrial infrastructure and highlights the nation's efforts to diversify its economy and reduce its dependence on oil. The factory is expected to create job opportunities and stimulate economic development in the region.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Major decline in the housing market: Sales are at their lowest point in 3 years

Friday, May 17, 2024

How the CEO of Emirates Steel Arkan is Transforming Leadership

Saturday, May 18, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024

US steelmakers set cautious growth expectations for 2024

Friday, May 17, 2024

Rebar prices fall in India

Friday, May 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now