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Investment Ministers Of Saudi Arabia And Oman Visits Alfanar Industrial City, Riyadh

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A file photo of Alfanar

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Eng. Khalid bin Abdulaziz AlFalih, Saudi Minister for Investment and the Minister of Commerce, Industry and Investment Promotion, Qais bin Mohammad Al Yousef, visited Alfanar Industrial City, Riyadh, one of the largest private industrial centres in the Middle East, covering 720,000 square meters.

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Eng. Abdul Salam Al-Mutlaq, Chairman of Alfanar with Executive Vice President of AlFanar, Eng. Amer AlAjmi welcomed the ministers and gave them a briefing about the facility as well as its projects within and outside Saudi Arabia.

Executive Vice President of Alfanar Development, Eng. Amer Al Ajmi gave an overview of Alfanar’s capabilities across various sectors and projects, including renewable energy projects, to the dignitaries. Following the presentation, a discussion was held about initiatives of Alfanar in Saudi Arabia as well as the rest of the globe. A number of production lines were toured in the Alfanar Industrial City.

Eng. Abdulsalam AlMutlaq, Chairman of Alfanar, said, “This visit at the level of ministers from Saudi Arabia and Oman, and in the presence of officials from both parties, comes from their belief in the role of the private sector as a successful partner in localising the industry and promoting local content in line with the Kingdom’s vision 2030.”

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He added, “Alfanar Company has a distinguished experience and accumulated experience gained over the years in the localization of the energy industry, as it had a leading role in the infrastructure work, as well as transferring the techniques of manufacturing electrical and construction products to the Kingdom, to invest in the development of clean energy projects around the world.”

Alfanar was one of the first national companies to invest in the Kingdom’s future of sustainable energy. It believes in the importance to keep up with the global transition to clean and renewable energy. This sector is considered a strategic direction to increase its contribution to electricity production as well as reduce carbon emissions from traditional energy sources.

The company is involved in several renewable energy projects all over the globe, with a combined capacity of up to 1.85 GW.

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