Manufacturing News 05/11/2024, 14:55

Saudi Arabia’s largest industrial investment group seeks to strengthen and expand investments in Vietnam

Mr. Abdullah Mohammad Alzamil, Chairman of Zamil Industrial, expressed his company's deep commitment to Vietnam, acknowledging the beauty of the country and Zamil's role as a bridge between Saudi Arabia and Vietnam, with intentions to expand further in Vietnam.

Saudi Arabia’s largest industrial investment group seeks to strengthen and expand investments in Vietnam

On the morning of October 30 in Riyadh, Saudi Arabia, Prime Minister Pham Minh Chinh met with Mr. Abdullah Mohammad Alzamil, along with other senior leaders of Zamil Industrial.

Founded in 1920, Zamil is Saudi Arabia’s largest industrial investment group, focusing on building materials manufacturing, petrochemicals, trade services, real estate, and investments. Zamil currently employs 21,000 people across 60 countries.

Zamil Industrial (established in 1997) and Zamil Steel (1993), subsidiaries of the Zamil Group, manufacture and supply engineered products, systems, and services for the construction industry, including pre-engineered steel buildings, steel frames, plastics, and paints.

Zamil Steel established a representative office in Ho Chi Minh City and began exporting steel structures across Southeast Asia in 1993. Its first factory in Vietnam was set up in the Noi Bai Industrial Park in 1997. Today, Zamil Steel Vietnam operates two factories with a combined capacity of 120,000 tons of steel per year and a workforce of over 1,000.

During the meeting, Zamil’s leaders provided updates on the company’s investment operations and discussed their future business expansion plans, including in Vietnam.

Mr. Abdullah Mohammad Alzamil highlighted that Zamil’s factories in Vietnam have embraced automation to boost productivity and competitiveness, ensuring compliance with environmental regulations, and enabling exports to demanding markets. Currently, 70% of Zamil's products manufactured in Vietnam are destined for export, and the company employs 2,000 local workers.

Prime Minister Pham Minh Chinh welcomed Zamil's investment and highly regarded the company's effective operations in Vietnam, where it has supplied products to regional and global markets for nearly 30 years.

The Prime Minister emphasized that Vietnam and Saudi Arabia share a solid foundation of mutual trust and rapidly developing economic cooperation. He welcomed and supported Zamil Group’s plans to expand its investments in Vietnam in the coming period.

VNECONOMY/ TRANSLATOR: NGỌC ÁNH
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