Steel Industries awarded stage II contract for Shoaiba Power Plant
Posted: 16 May 2004
Award Follows Successful Completion of Stage 1
Zamil Steel Industries has been awarded the contract to supply
structural steel works for the Shoaiba Power Plant Project in the
Kingdom of Saudi Arabia. Zamil Steel is a subcontractor to construction
company, Saudi Archirodon, who was awarded the project by Saudi
Electricity Company – Western Region.
Zamil Steel is providing more than 12,300 metric tons of structural
steel through its Structural Steel Business Unit for the first phase
of the second stage of the project. The scope of work includes the
supply of pipe racks, turbine buildings, other support buildings
and miscellaneous steel products valued in excess of SR 55 million.
“Zamil Steel Industries has been awarded this contract based
on proven performance and an impressive track record in the previous
stage of this large scale undertaking, and this includes consideration
for the high quality of our products, the efficiency in delivering
upon our commitment and our competitive pricing offer,” said
Khalid Abdulla Al Zamil, President, Zamil Steel Industries.
More than 17,800 metric tons of fabricated steel was supplied for
the first and second phases of the first stage of the project.
About Zamil Steel Industries
Founded in 1977, Zamil Steel Industries (ZSI) is a global leader
in the manufacture of pre-engineered steel buildings and the Middle
East’s premier supplier of steel structures, transmission
and telecommunications towers, open web steel joists and floor deckings.
Products are marketed in more than 70 countries through a network
of 50 sales offices, 59 certified builders and 27 agents and distributors.
ZSI’s main factories are located in Dammam First and Second
Industrial Cities, with additional factories located in Egypt and
Vietnam. More than 400 engineers are employed in its engineering
departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
ZSI is one of three sector businesses of Zamil Industrial Investment
About Zamil Industrial Investment Company
Zamil Industrial Investment Company (ZIIC) was founded in 1998.
It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs
5,000 people in 50 countries. As an international manufacturing
and fabrication group, it provides leading air conditioning, pre-engineered
steel buildings, structural steel products, transmission towers,
open web joists and decks, and architectural glass processing solutions
to meet the requirements of the global construction industry through
its three sector businesses: Zamil Air Conditioners (www.zamilac.com),
Zamil Steel Industries (www.zamilsteel.com) and Zamil Glass Industries
ZIIC exports to more than 75 markets and derives 50% of revenues
from outside Saudi Arabia. For the year ended 31 December 2003,
ZIIC posted turnover of SAR 1.55 billion (US$ 414.2m), a growth
of 11% over 2002. Post Zakat earnings per share also grew by 11%
to SAR 8.39 ($2.24), up from SAR 7.56 ($2.02) during the same period
in 2002. ZIIC’s shares have been actively traded on the Saudi
Equity Market since early 2002.
More information can be found at www.ziic.com
Posted by Richard Price,
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