Saudi Arabia is a partnership with 'rosen' to produce building materials in the kingdom

The Saudi Aluminum Products enterprise (OLLKCO) is preparing to announce a partnership with the “Roshn” group, which is fully owned by the Saudi public investment fund, and a foreign investor to produce factories to produce building materials and aluminum building facades in Riyadh, Nab and the Oriental and the Oriental and the Oriental and the Oriental and the Oriental and the Oriental CEO Khaled Abdel Moneim. In an interview with “Al -Sharq”, he added on the sidelines of the Public Investment Fund and the Private Sector Forum held in Riyadh, that the goal of establishing these factories is to meet the increasing demand for construction projects associated with “Vision 2030”, while 50% of its production will be allocated. If you point out that “Olopco” will acquire a 75%stake, while the remaining percentage between “Rosen” and the foreign partner will be. The ownership of “Alwalco” is spread by 30%between the Olayan Investment Group, and the BA Hamdan group with 30%, while Sheikh Hashem Saeed Hashem’s heirs own the remaining 40%, according to Abdel Moneim, which indicated that the company has a market share in the Saudi market, and that its products are in the world. Also read: Knight Frank: Saudi Arabia is the largest building market in the world by 2028, the impact of Trump’s definitions, and in response to a question about the company’s influence on Trump’s customs definitions, Abdel Moneim said that “Olopco” will not lose its market share in the United States, as this fees are all affecting the presence of the Company in Sudi -Arabia in other countries. President Donald Trump has ordered a 25% customs tariff on all imports of steel and aluminum to the United States, including Canada and Mexico, the largest foreign mineral providers to the country, and fees also contain ready -made metal products. The decision is scheduled to operate at midnight next March 12, according to two statement from the White House Monday. Read more: Officially .. Trump places 25% Customs definitions on steel and aluminum imports. The value of the export of Saudi aluminum during 2023 amounts to approximately 7.9 billion Riyals. India came to the top of the importers with a value of 1.4 billion Riyals, followed by the Netherlands with about 601 million Riyals, then Iraq with a value of 579 million Riyals. The United States arranged fourteenth in the 191 million Riyals import. Abdel -Moneim revealed that “Olopco” in the second half of 2026 in the Saudi financial market “Tadawul” plans to renounce the Saudi financial market, pointing out that the purpose of the offer is to integrate the company in the Saudi market more.