The Construction Products Holding Company (CPC), a Saudi-based closed-joint-stock-company, today announced its plan to establish an industrial complex in Riyadh to tap into ever-growing construction market in the country. The announcement was made in a press conference held in Riyadh.
“The industrial complex will serve as one-stop-shop facility to provide construction material and supporting services, thus reducing the cost of managing a number of factories at different places. This is part of company’s strategic realignment and expansion into regional construction markets.” said Dr. Faysal Alaquil, Director of Business Development at CPC.
The industrial zone, spanning over 200,000 square metres of land in Riyadh, manifests that Saudi Arabia remains the foremost market for the company. To streamline the supply of construction materials in areas being developed, CPC has also purchased land in other strategic parts of the Kingdom.
“CPC is soon relocating existing factories and related services to a recently purchased 840,000-square metres of land in Bahra, located between Jeddah and Makkah. Bahra Company for Construction Steel has already been set up there, covering 40,000 square metres.” Dr. Alqquil added.
Consolidating CPC’s presence in the region, Dr. Alaquil explained that a region-wide plan was already in place to increase the production capacity through a strategic expansion into region’s fast emerging construction markets. CPC has recently entered into an agreement with Arkan Building Materials in Abu Dhabi to establish six factories, and a transport company with an investment of US$ 200 million.
