Since the inception of its Vision 2030 economic and social diversification strategy, Saudi Arabia has commissioned projects totalling USD 250 billion. In order to provide more jobs for its rapidly growing population, Riyadh's Vision 2030 programme aims to increase the nation's infrastructure, strengthen the Kingdom's industrial foundation, and advance industries like real estate, healthcare, and education. Such initiatives and investments in infrastructure development support the Saudi Arabia structural steel market growth.
Additionally, the growth in the travel and tourism industries and the investment supported by the Public Investment Fund, the sovereign investment arm of Saudi Arabia, including the USD 500 billion futuristic city of Neom and multibillion-dollar improvements in Riyadh and along the Red Sea coast, further contribute to the market demand.
Rapid infrastructure development for renewable and green energy fuels the market demand for structural steel in Saudi Arabia. As the country is actively strengthening its clean energy and decarbonisation collaborations, the demand for structural steel is increasing. Moreover, the country, in collaboration with ACWA Power, NEOM, and Air Products (NYSE: APD), is setting up the world’s largest green hydrogen facility to diversify its economy, further boosting structural steel demand.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the Saudi Arabia structural steel market are Saudi Iron and Steel Company (HADEED), Al Ittefaq Steel Products Co's (ISPC), Alfanar Group, Zamil Structural Steel Co. Ltd., and POSCO, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type
|Breakup by End-Use
|Breakup by Usage
|Breakup by Region
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.