Zamil to supply SR22 million steel transmission towers to UAE
Saudi Arabia’s Zamil Steel Industries (ZSI) has been awarded a 22 million Saudi riyal ($5.86 million) contract to design, fabricate, test and supply 7,500 metric tons of power transmission steel towers to Civil Contracting and Construction Company of the Sultanate of Oman.
The end user of the installations is the Federal Electricity and Water Authority (FEWA) of the United Arab Emirates (UAE). Zamil is a manufacturer of pre-engineered steel buildings and supplier of steel structures, transmission and telecommunications towers, open web steel joists and floor decking.
“The unique aspect of this project is that it is the first time overhead power transmission in the UAE will feature multi circuit towers and the specifications of the contract will be met through ZSI’s Towers and Galvanizing Unit (T&G),” said Saleh Al-Zamil, vice president, T&G Unit, ZSI.
Included in the undertaking is the supply of specially designed steel towers for 23 kilometers of a 220/132kv multi circuit transmission line; 37 kilometers of a 220kv double circuit transmission line; and 20 kilometers of a 132kv double circuit transmission line over a period of 12 months.
ZSI forms one of three sector business of Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group—which in addition to the activities undertaken through ZSI—also provides air conditioning and architectural glass processing solutions through Zamil Air Conditioners (ZAC) and Zamil Glass Industries (ZGI) for the global construction industry.
Zamil Steel Industries’ Towers and Galvanizing Business Unit (T&G) was founded in 1985 and is ISO 9001-2000 certified. It produces galvanized steel towers for electrical transmission projects, telecommunications projects and various other specialized lattice steel structures.
It is located in Dammam First Industrial City and serves markets in Saudi Arabia, the Gulf Cooperation Council (GCC) states, the Middle East, Asia, America and Africa, including, Algeria, Nigeria, Hong Kong, Syria, Ghana and Chile.
Zamil Steel Industries (ZSI)’s products are marketed in more than 70 countries through a network of 50 sales offices, 55 certified builders and 27 agents and distributors. ZSI’s main factory is located in Dammam First Industrial City, with additional factories located in Egypt and Vietnam. More than 200 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
Zamil Industrial Investment Company (ZIIC) was founded in 1998, is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 4,500 people in 50 countries. 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.
ZIIC exports to more than 70 markets and derives 37 percent of revenues from outside Saudi Arabia. For the period January–June 2003, net profits after Zakat contributions grew by 25 percent to SR31.3 million ($8.3 million), while post Zakat earnings per share also grew by 25 percent to SR5.22 ($1.39), up from SR4.17 ($1.11) during the same period in 2002.
For the year ended December 31, 2002, profits were SR50.8 million ($13.5 million) on turnover of SR1.4 billion ($376 million). ZIIC’s shares have been actively traded on the Saudi Equity Market since early 2002. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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