Latest news with #PrivateSectorForum2025
Argaam
18-02-2025
- Business
- Argaam
ALUPCO controls 40% of local aluminum market, eyes Saudi listing in 2026: CEO
Aluminum Products Co.'s (ALUPCO) CEO, Khaled Abdel-Moneim, said that the company's market share in the aluminum sector stands at 40%, a figure achieved by the end of 2024. He expressed optimism for further growth in the coming period, despite challenges related to price fluctuations and competition. ALUPCO holds a 40% share of the local aluminum market, while its share in the wood sector is 20%, Abdel-Moneim pointed out during an interview with Argaam during the Private Sector Forum 2025. The company operates in numerous international markets, including the Gulf countries, the Middle East, North Africa, as well as India, Germany, the United States, and Canada, with a total presence in 26 countries, with plans to expand into additional markets in the future. The CEO highlighted that the company manufactures window and door systems in the aluminum sector. In the wood sector, ALUPCO produces around 120,000 doors and kitchens, in addition to executing major projects such as the Red Sea Project and collaborating with various investment companies and contractors in both local and regional markets, including the New Administrative Capital in Egypt. The sector experienced significant growth after a period of stagnation, which prompted the company to increase investments and boost its production capacity to keep up with the growing demand driven by large-scale projects in Saudi Arabia. The competition remains fierce, especially with the influx of Chinese products at low prices, as well as products from Gulf countries such as Bahrain and the UAE, the executive added. Regarding the U.S. tariffs on aluminum imports, the CEO anticipates that these tariffs will negatively impact aluminum prices in the U.S. market. However, they could put all exporters on equal footing. Abdel Moneim confirmed that the company is actively working towards listing on the Saudi Stock Exchange (Tadawul), with a clear intention to list in H2 2026, benefiting from the significant growth in the Saudi market, one of the largest markets in the region and the world. ALUPCO was stablished in 1975 and operates in several sectors, including aluminum, wood, steel, and raw materials, providing services to various industries such as construction, energy, water, and Saudi Aramco, rendering the company a multi-service entity.
Trade Arabia
17-02-2025
- Business
- Trade Arabia
Nesma inks key infrastructure development contracts with Jasara
NesmaPartners has announced that it has signed a MoU with Jasara Program Management Company in a strategic move aimed at advancing Saudi Arabia's infrastructure sector and aligning with Vision 2030. Jasara - a joint venture between Aramco, the Saudi wealth fund PIF and construction major Jacobs - specializes in delivering high-impact infrastructure projects. This collaboration will leverage Nesma & Partners' extensive expertise in execution and Jasara's strength in project management to optimize the delivery of complex developments across the Kingdom. Additionally, the partnership will establish a framework for joint training initiatives, equipping local professionals with advanced skills to support the nation's long-term development goals. The agreement was signed by Samer Abdul Samad, President & CEO of Nesma & Partners, and Mohammed Almana, President & CEO of Jasara, held at the Private Sector Forum 2025 in Riyadh. This agreement reinforces a shared commitment to driving innovation, efficiency, and excellence in large-scale project delivery, said senior officials at the ceremony. Samad said: "This agreement underscores our commitment to operational excellence and the development of Saudi talent. By partnering with Jasara, we are strengthening our collective ability to drive innovation, elevate quality, and enhance efficiency in project execution while empowering the next generation of Saudi experts." Almana said: "Our partnership with Nesma & Partners represents a significant step toward strengthening local capabilities in project management and building a bright future for the kingdom's infrastructure. We are committed to delivering innovative solutions that elevate projects to new heights, driven by the highest standards of quality and efficiency, to achieve the goals of Vision 2030." "We are always focused on enhancing work quality and driving sustainable development in the Kingdom," he stated.
Zawya
14-02-2025
- Business
- Zawya
Jeddah Central Development Company introduces its destination and ways of cooperation with private sector
Saudi Arabia - Jeddah Central Development Company (JCDC), the master developer of the Jeddah Central Destination, participated in the third edition of the Public Investment Fund (PIF) Private Sector Forum 2025, which was held at the King Abdulaziz International Conference Center in Riyadh on February 12 and 13, 2025. The forum was a strategic platform that brought together companies affiliated with the Public Investment Fund and private sector partners with the aim of enhancing cooperation and partnerships. The company, wholly owned by PIF, participated in the forum with a special pavilion to introduce the Jeddah Central Destination and showcase the most prominent developments and all its construction and architectural details and main landmarks such as the Oceanarium, the Opera House, the Stadium and the Industrial Museum. The pavilion witnessed a huge turnout of visitors who learned about the features of the Destination and ways of cooperation with the private sector. It is noteworthy that the Jeddah Central Destination is located in the heart of the coastal city from the north of Al-Salam Palace to the end of the desalination plant, spanning 5.7 million square meters and a seafront of 9.5 kilometers. It is considered as one of the most prominent vital projects that provide an exceptional destination in which elements of contemporary life blend with environmental sustainability, as the destination includes four main architectural landmarks — the Oceanarium, the Opera House, the Stadium and the Industrial Museum. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
13-02-2025
- Business
- Saudi Gazette
At PIF Private Sector Forum 2025, Jeddah Central Development Company introduces its destination and ways of cooperation with private sector
Jeddah Central Development Company (JCDC), the master developer of the Jeddah Central Destination, participated in the third edition of the Public Investment Fund (PIF) Private Sector Forum 2025, which was held at the King Abdulaziz International Conference Center in Riyadh on February 12 and 13, 2025. The forum was a strategic platform that brought together companies affiliated with the Public Investment Fund and private sector partners with the aim of enhancing cooperation and partnerships. The company, wholly owned by PIF, participated in the forum with a special pavilion to introduce the Jeddah Central Destination and showcase the most prominent developments and all its construction and architectural details and main landmarks such as the Oceanarium, the Opera House, the Stadium and the Industrial Museum. The pavilion witnessed a huge turnout of visitors who learned about the features of the Destination and ways of cooperation with the private sector. It is noteworthy that the Jeddah Central Destination is located in the heart of the coastal city from the north of Al-Salam Palace to the end of the desalination plant, spanning 5.7 million square meters and a seafront of 9.5 kilometers. It is considered as one of the most prominent vital projects that provide an exceptional destination in which elements of contemporary life blend with environmental sustainability, as the destination includes four main architectural landmarks — the Oceanarium, the Opera House, the Stadium and the Industrial Museum.
Argaam
13-02-2025
- Business
- Argaam
PIF signs 140 agreements worth SAR 14B at private sector forum
Abdullah Alhussaini, Director of Strategy and Planning for National Development at Public Investment Fund (PIF), said the Private Sector Forum 2025 saw 140 agreements signed, worth up to SAR 14 billion, with over 100 PIF-backed companies participating. Speaking to Al Arabiya, he noted that most agreements were between PIF portfolio companies and private sector firms.
