Rifd-Industry® Company FOCUS on manufacturing industries but DIVERSIFY within that industries.
The diversification strategy ensure the integrations and the interfaces among the Rifd-Industry Company portfolio where each industry segment supports the other to the maximum extent.
The Rifd-Industry® Company portfolio was modeled based on deep analysis and strategic plan taken into account the world industries trend, the world future economy & GDP, the innovations in all industries , the strategic geographic location of Saudi Arabia, the industries integration that exist in Jubail Industrial City and other industrial cities in KSA, and last but not least the major government support and incentives toward promoting industries in KSA to meet KSA 2030 Vision.
Sept 2019: Rifd Industry Company via its subsidiary Rifd Plastics Company signed Letter of Intent (LOI) with Saudi Arabian Basic Industries Corporation (SABIC) at their headquarter in Riyadh city, KSA. The LOI dictates the full support and collaboration of SABIC to our Engineered Thermo-Plastics (ETP) Compounding Project that will be built in Jubail Industrial City, KSA.
August 2019: Rifd Industry Company via its subsidiary Rifd Plastics Company has issued a Letter of Award (LOA) to Almira Center Company awarding them the construction contract for Plastics Compounding Factory which will be built on 15,000 m2 land area in Jubail Industrial City. The factory will be designed to produce 15,000 tons of plastics compounded products.
July 2019: Rifd Industry Company via its subsidiary Rifd Copper Company signed a Letter of Engagement (LOE) with KPMG to provide financial advisory and capital fund raising for its mega industrial projects.
July 2019: Rifd Industry Company via its subsidiary Rifd Plastics Company receive the Construction Permit from Royal Commission (RC) – Industrial Land Authority. The permit will allow the commence of construction and erection activities for our Plastics Compounding Factory in Jubail Industrial City.
June 2019: Rifd Industry Company via its subsidiary Rifd Plastics Company signed an MoU with Saudi Arabian Basic Industries Corporation (SABIC) to support our Plastics Compounding Project that will be built in Jubail Industrial City. The MoU states SABIC support in providing T&I, Supply Chain, Market, and Resources.
May 2019: Rifd Industry Company held an official meeting with Saudi Industrial Development Fund (SIDF) pertaining the soft loan that will be provided to our Rifd Pipe Factory. SIDF provides up to 50% of total Capex. The meeting was attended by SIDF’s Technical, Marketing, and Credit teams.
April 2019: Rifd Industry Company receives 1.5 million square meter (m2) industrial land allocation for its mega pyrometallurgical project. The project considered one of the nation strategic and priority projects. The project funding as well as the negotiations with the potential EPCs are on progress in order to commence the construction activities on 2/2/2020.
March 2019: Rifd Industry Company released video that shows the good construction at its Rifd Pipe Factory that is being constructed in Jubail Industrial City. The progress reached 20% where the main foundation concrete poured and covered with bitumen. Here is the link to the video https://youtu.be/-wbf-I1rlzk
February 2019: Rifd Industry Company attend a major event where government launched National Industrial Development and Logistics Program (NIDLP). It was a golden opportunity to meet with big figures in our government such ministers and deputy ministers such as Mr. Khalid Al Falih, Minister of Energy, Industry and Mineral Resources.
December 2018: Saudi Industrial Development Fund (SIDF) has approved our soft loan request (60% of the project capex) for one of our industrial project in Sudair Industrial & Business City, 120 km north of capital city – Riyadh. The Loan Agreement was signed on 27 Dec. 2018 with Dr. Ibrahim Al-Mojel, Director General – SIDF.
December 2018: Rifd Industry Company is proud that its Rifd Pipe Factory has been reported in one of the worldwide respected publication for pipes industry. KWD-globalpipe is German firm that keeps up to speed records and reports on pipes industry.
November 2018: Rifd Industry Company has signed Land Lease Agreement (LLA) with Royal Commission for 10 years lease of 15,000 m2 Industrial land for its Rifd Plastics Compounding Factory in Jubail Industrial City, Saudi Arabi.
September 2018: Rifd Industry Company signed a “Supply Agreement” with Kirby International http://www.kirbyinternational.com to supply 4,500 m2 steel structure building (Hangar) for its “Rifd Pipe Factory” which is under construction at Jubail Industrial city, Saudi Arabia.
August 2018: Rifd-Industry Company made a project walkthrough to follow the construction progress at its Rifd Pipe Factory project site. The site leveling and excavations – for concrete foundations and underground pipes/cables – activities are on progress.
July 2018: Rifd-Industry Company announced the successful commissioning of Copper Powder Factory . The commissioning activities were supported by the process licensor from Germany and its engineering team from UK. The factory is one of Rifd Industry’s projects that was developed and executed in Sudair Industrial City, Saudi Arabia.
July 2018: Rifd-Industry Company received the final approval from Royal Commission Authority on the whole Engineering Package for one of its projects; “Rifd Plastics Compounding Factory” which developed by Rifd Plastics Company www.rifdplastics.com (a subsidiary of Rifd Industry Company) . The factory will be built in Jubail Industrial City, Saudi Arabia.
April 2018: Rifd-Industry made Safety as well as Progress walkthrough in one of their projects that under the final stage of construction activities.
March 2018: Rifd-Industry received the “Permit to Construct” from Royal Commission (Jubail head office) and commence the construction activities at project site.
Dec 2017: Rifd-Industry awarded the Construction contract to one of major contracting company in the field of industrial factories “Gulf Builder Contracting Company”. The contractor will carry out all the construction activities for Rifd Pipe factory in unit-rate/re-measured basis. The expected construction period is 24 months commencing on 1/1/2018.
Dec 2017: Rifd-Industry signs Land Lease Agreement (LLA) with Royal Commission (RC) – the industrial land authority in Jubail Industrial city, KSA-. The agreement entered on 19 December 2017 for 10 years applicable for renewal. The land will be utilized for one of Rifd Industry group’s projects named “Rifd Pipe Factory“. The construction of the factory will be commenced on 1/1/2018.
Nov 2017: Rifd-Industry has completed the Engineering phase of its Piping Project and has obtained Issue-For-Construction (IFC) stamp on the 100% engineering drawings from Royal Commission (RC). The project has entered the Construction Phase and three construction contractors have submitted their bid proposals. The plan is to hold the “Groundbreaking” ceremony on 1/1/2018.
Oct 2017: Rifd-Industry received the official approval from Royal Commission (RC) for the 30% Engineering package of the “Polymers Compounding Project” . The assigned Engineering Consultant is now preparing the 90% Engineering Package which planned to be submitted to RC in Dec. 2017. The project will be built in Jubail Industrial city on 15,000 m2 land and the project after completion will be producing various polymers compound products.
July 2017: Rifd-Industry made a follow-up and progress review visit to one of Rifd-Industry’s projects. Site construction team explained the achievements and the plan ahead. Slides were presented to show the Safety statistics, quality records and (engineering, procurement, and construction) EPC progress figures.
April 2017: Rifd-Industry selected Alhoty-Stanger Ltd. Co. to carry out Topography Survey and Geo-technical Investigation works for one of Rifd-Industry’s projects.
March 2017: Rifd-Industry participated in IHS Markit World Petrochemical Conference 2017 held in Houston, TX USA 20-24 March 2017. Major Petrochemical players in the level of C-suite (ExxonMobil, LyondllBasell, BASF, PetroChina, ..etc) including IHS Markit’s experts presented the world petrochemical industry outlook and macroeconomic.
January 2017: Rifd-Industry participated in the Solar Expo 2017 held in Abu Dhabi, UAE 15-18 January 2017. International companies from all over the world have presented the latest technologies and products in Solar systems; solar PV cells, solar PV panels, Lithium-ion batteries, investors, and controllers.
December 2016: Rifd-Industry participated in the 11th annual forum of Gulf Petrochemical & Chemical Association (GPCA). Over 2,000 members of the international chemical community (in the level of C-suite and high-ranking management) gathered together in Dubai to celebrate the achievements and growth of the petrochemical industry in the Arabian Gulf region. Through such participation, Rifd-Industry takes the advantage of the visionary perspectives and industry networking provided by such annual forum.
November 2016: Rifd-Industry becomes member of Gulf Petrochemical & Chemical Association (GPCA). The association established in 2006 and represents the downstream hydrocarbon industry in the Arabian Gulf. GPCA voices the common interests of more than 240 member companies from the chemical and allied industries, accounting for over 95% of chemical output in the Gulf region. The industry makes up the second largest manufacturing sector in the region, producing up to US$108 billion worth of products a year.
November 2016: Rifd-Industry has officially received an industrial land (15,000 m2) for its new project on Polymers Master-batch and Compounding. The land was allocated by Royal Commission (RC) in Jubail Industrial city and was submitted via official ceremony held in RC main headquarter. The project will be executed and operated by one of Rifd-Industry group; “Rifd Plastics Co. Ltd.”
October 2016: Rifd-Industry attended the 2016 K-Fair (K-Show) which is considered the World’s No. 1 Trade Fair for Plastics and Rubber that held in Düsseldorf, Germany
May 2016: Rifd-Industry signed an Engineering contract with one of major engineering firm to carry out all engineering packages submittals (10% – 30% – 60% – 90%) up to IFC drawings for Rifd Industry Pipe factory
March 2016: Rifd-Industry participated in IHS World Petrochemical Conference held in Houston, USA
January 2016: Rifd-Industry participated in GPCA PlastiCon-2016 held in Dubai, United Arab Emirates
December 2015: Rifd-Industry received officially an industrial land from Saudi Industrial Property Authority (MODON) in Sudair city for Industry and Businesses. The 32,300 m2 land will be for one of Rifd-Industry projects that is planned to be commissioned in 2nd quarter 2017
November 2015: Rifd-Industry commenced techno-commercial study and negotiation with two SAP Golden partners. Rifd-Industry will integrate SAP ERP system in all of their functions and plants to automate all of the business processes, workflows, sales/distribution, and financial system. The integration of SAP ERP system will reflect on group performance, work & products quality, profitability, and customers satisfaction
October 2015: Rifd-Industry becomes a member in the “Industrial Committee” in Jubail Chamber of Commerce
September 2015: Rifd-Industry received officially a land allocation certificate from Royal Commission – Jubail Industrial city. The allocation certificate was received in an official ceremony that was held at Royal Commission Jubail headquarter. The allocated land will be for one of Rifd-Industry projects, “Rifd Pipe Factory” project which planned to be commissioned in 4th quarter of 2017.
September 2015: Rifd-Industry attended an exhibition in Seoul, South Korea on goods and materials
September 2015: Rifd-Industry has been elected to be member of “Businessmen Jubail Council” Asharqia Chamber of Commerce
June 2015: Rifd-Industry participated in ACHEMA2015 held in Frankfurt, Germany
April 2015: Rifd-Industry moved to the new head-office located in Jubail Industrial City, Kingdom of Saudi Arabia ……. Jubail Industrial City considered one of the most integrated chemicals/petrochemical city in the world and has the world-class supporting infrastructure and logistics
March 2015: Rifd-Industry participated in the International Plastics Showcase NPE2015 held in Orlando, Florida U.S.A
March 2015: Rifd-Industry presented a Technical Paper in The World Congress of Smart Materials in Seoul, South Korea
February 2015: Rifd-Industry starts seeking to obtain ISO-9001
January 2015: Rifd-Industry participated in GPCA PlastiCon held in Dubai, United Arab Emirates