Saudi Readymix hosts tour highlighting trends in the Kingdom’s construction industry
Apr, 29 2008
(Saudi Arabia) -- Following its initiative to educate and raise awareness of the Kingdom's concrete and construction industry, Saudi Readymix Concrete, the leading ready-mixed concrete producer in Saudi Arabia, hosted an exclusive tour of its operations in Jeddah, as well as its on-site ready-mixed concrete station the King Abdullah University of Science and Technology (KAUST) project for media personnel from across the Kingdom.
The Saudi construction market is seeing a tremendous growth period fuelled by booming oil revenues and major governmental projects such as KAUST. Market analysts have estimated that growth in the construction sector exceed 18% in the first quarter of 2008, during which Saudi Readymix opened 3 new on-site stations in King Abdullah Economic City, Saudi Aramco's Manifa, and Ma'aden's Ras Al-Zour projects.
Saudi Readymix expects this trend to continue for the foreseeable future. Hence, it is not only investing in new stations and equipment, but also on recruiting heavily among top local talents. In 2008, the company is investing over SR440 million, and is aiming to increase its annual production by 30% this year.
The tour kicked off with an overview of the regional construction market, presented by Rami Khalid Alturki, President of Saudi Readymix Concrete. "The Kingdom of Saudi Arabia is currently in the throes of a massive construction boom with new projects springing up continuously. The concrete industry is an essential element of that boom and is fuelling the growth of the Kingdom's economy. For this reason Saudi Arabia requires concrete companies who understand the market and its needs and are quick to supply it with consistent high quality products and services."
Attendees were also escorted to Saudi Readymix's Jeddah batching station, where they toured Saudi Readymix's state-of-the-art laboratories, to witness firsthand the company's research and development capabilities.
The tour concluded with a visit to Saudi Readymix's on-site stations at KAUST, where attendees were given an up-close look at the mega-project, one of the largest and most ambitious projects currently under construction in the Kingdom.
"It is important to understand that Saudi Arabia is at the forefront of developments in the construction industry. The work currently underway in the industry is laying the foundation for tomorrow's growth," said Alturki.
"The tour today was intended as an introduction into one of the main components of construction allowing the media to see what it takes to support the Kingdom's ambitious development going forward."
About Saudi Readymix
Saudi Readymix is the leading producer and supplier of ready-mixed concrete and related products in Saudi Arabia. Established in 1978, it is a wholly-owned subsidiary of Khalid Ali Alturki & Sons group of companies (Alturki Group).
Saudi Readymix employs a total workforce of over 2,100 managerial, administrative, technical and operational staff, with teams of technical experts throughout the Kingdom. Local, regional and central laboratories operated by the company develop mix designs, conduct routine testing and analysis on concrete products and research new products under development on a global scale.
Saudi Readymix has worked on an impressive array of prestigious projects for both the public and the private sectors, and most of it's stations are officially approved as suppliers to major governmental and industrial authorities. The company's network of plants and stations are strategically located throughout the Kingdom in order to cover all major commercial and industrial areas.
This is made easier with the company's 380+ mixer trucks and 130+ mobile pumps, making Saudi Readymix's fleet the largest in the Kingdom. Saudi Readymix's products include an immense library of concrete recipes - many of which are unique to the company - in addition to hot mix asphalt, quarry products and concrete masonry units.
Opposition to new quarries has got worse in Britain and it is still the most unpopular form of development, says Development Intelligence. More
LafargeHolcim has received a revised order of the Competition Commission of India to sell its interest in Lafarge India, including three cement plants and two grinding stations, with a capacity of around 11 million tons a year. More