Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has announced the opening of a full-fledged sales office in Dammam, Saudi Arabia, to capitalise on the Kingdom’s construction boom.
Recent market figures reveal that Saudi Arabia has an estimated $200 billion (Dh734bn) worth of active projects under construction. The opening of the new office is in line with Gulf Extrusions’ strategic expansion plan in the region, and will enable the company to consolidate its presence in the regional market.
The Saudi office will also allow Gulf Extrusions to provide an enhanced level of services to their existing clients in the Kingdom, while providing a greater opportunity to the company to attract new clients, at a time when the consumption of extruded aluminium in Saudi Arabia is more than the production, the company said.
In 2007 the demand for aluminium extrusion in Saudi Arabia was 140,000 tonnes, while the production stood at 136,000 tonnes.
Moreover, the demand for aluminium extrusion in the Middle East region as a whole is expected to reach an average of 450,000 metric tonnes this year, with Saudi Arabia, Qatar, the UAE and Kuwait accounting for most of the demand.
“Saudi Arabia represents one of the most important markets in the region for Gulf Extrusions, with unprecedented real estate and construction activity taking place across the Kingdom. Our move fully complements our market consolidation strategy in the country and the region as a whole,” said Modar Al Mekdad, General Manager, Gulf Extrusions.
“Having a direct presence in Saudi Arabia will enable us to serve our clients in close proximity,” he said.
Gulf Extrusions sets up Saudi office