A project for producing several thousands tons of “Metals Powder” is under construction stage … the technology was secured from a German company and the main feedstock is sourced locally. Off-take agreement signed. All capex fund has been secured … phase-1 has been completed and commissioned…. phase-2 is under construction .. expected completion is in Q2 2019.
A project for producing special alloy metals and parts is undergo. The raw material is sourced 100% locally. Business plan completed. Project land is being secured from government authority. 60% of equity secured.
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 is under fund raising stage.