Steel
is considered as one of the major materials for Infrastructural
development in any country. Considering the currently
ongoing construction boom in the Kingdom of Saudi
Arabia in general, and in the southern region in particular,
the Pan-Kingdom Investment Company have taken a decision
to establish a regional center for production of steel
& allied products in the up-coming Jazan Economic
City in southern province of Jazan. Work of creating
this regional center shall be taken up stage-wise,
against a total investment cost of approximately 10
Billion Saudi Riyals. Construction for first stage
started in earnest during 2009, and Pan-Kingdom Company
shall, by end of the financial year 2011, commission
the first stage and commence supply of Steel Billets
and constructional quality re-bars.
As part of the economic and social development program
for the country, the Kingdom of Saudi Arabia has founded
so-called “Economic Cities” which shall
assist the further regional and industrial diversification
of the Kingdom. Jazan Economic City (JEC) will offer
much greater employment opportunities for the southwest
region of Saudi Arabia through the establishment of
a petrochemical and metallurgical complex.
Saudi Industrial Development Fund (SIDF) being he
major source of funding, the balance has been raised
from commercial loans and share capital. Major share
holders are PKI, with Qatar Steel also having a substantial
holding. Dubai Investment, Al Jedaie Group, Hamed
Bin Hamed El Muktabakani, Jazan Land Company and Zaid
Al Hussai Contracting are some of the others.
|
| G. GHEEWALA
HUMAN RESOURCES CONSULTANTS |
Head Office:
Mumbai
202, Bombay Market, Tardeo Road,
Mumbai 400 034. Maharashtra, India.
Phone: +91-22-66665353 - 30 Lines
Fax: +91-22-66665363/64 - 2 Lines |
Branch
Office: Banglore
40/1, Bellary Road, Ganga Nagar,
Bangalore, 560 032. Karnataka,India.
Phone: +91-80-23335351
Fax: +91-80-23432780 |
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