13-01-2025
Aamal Company Q.P.S.C., one of the region’s leading diversified companies, is pleased to announce its intention to establish a new company in Saudi Arabia as a subsidiary of Aamal Company Q.P.S.C. This promising addition to Aamal's investment portfolio will be part of the Industrial Manufacturing sector, one of the Company's key operating sectors.
The newly established company will specialize in a broad range of activities aimed at providing integrated solutions in the construction and infrastructure sector. These include project design and participation in tenders, technical and engineering supervision and consulting services, production of precast concrete elements such as pillars and walls, manufacturing high-quality concrete pipes for water and wastewater networks, transportation and installation services for concrete components, quality control and inspections, comprehensive project management solutions, engineering solution development, and custom-built construction components based on demand.
On this occasion, Mr. Rashid bin Ali Al-Mansoori, Chief Executive Officer of Aamal, commented:
"The establishment of the new company is a part of Aamal's strategic plan to expand its operations and enhance its presence in new and promising markets, with Saudi Arabia being one of the most dynamic regional and global markets at present. Through this company, we aim to strengthen our regional expansion by establishing a solid business base in Saudi Arabia. It also opens new avenues for exploring opportunities in vital sectors such as technology and energy, while underpinning Aamal's position in the construction and infrastructure industry through sustainable strategic growth. Moreover, this step diversifies Aamal's revenue streams and maximizes the Company's long-term economic and strategic benefits.
The launch of the new arm in Saudi Arabia underscores our commitment to contributing to infrastructure development at the regional level. We are confident that this new venture will play a key role in realizing our aspirations and strengthening our partnership with the promising Saudi market. Together, we aim to build a more innovative and advanced future."