A project for producing several thousands tons of “Copper Powder” is under construction stage … the technology was secured from a reputed German company in powder metallurgy …. the main feedstock is sourced locally. Take-or-Pay agreement has been signed. All Capex fund has been secured … phase-1 has been completed and commissioned…. phase-2 is under construction .. SIDF loan has been obtained (60% from total Capex) … expected completion is in Q2 2020.
A project for producing non-ferrous metals in KSA is undergo … the products are heavily used in many industries in KSA and GCC region. Raw materials are being secured locally and globally. Process technologies were secured via European firms. FEL-1 completed. The project land has been allocated by the industrial land authority with total area of 1.5 million m2 in Yanbu Industrial City, KSA. The project is under fund raising stage.
A project for producing special alloy metals and parts is undergo. The raw materials are sourced 100% locally. Business plan completed. Project land is being secured from government authority.