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Al Jazeera Steel, an Omani producer of long products and steel pipes, delivered a solid performance in the first three quarters of 2025, benefiting from stable operations, improved profitability, and continued robust construction demand in the Gulf Cooperation Council (GCC) region. 35G155 Grain oriented electrical steel, Despite competitive pressure from low-priced resources in Asia and continued volatility in global commodity markets, the company strengthened its financial performance and achieved growth on both the production and sales sides.
The company disclosed that its revenue for the first nine months increased by 6% year-on-year to 114.3 million Omani riyals (approximately US$297.2 million). Sales volume increased by 14% year-on-year to 396,600 tons; production increased by 13% year-on-year to 369,400 tons. 35G155 Grain oriented electrical steel, Chairman Amal Suhail Salim Bahwan stated that the significant improvement in sales volume was due to the progress of numerous projects in the Gulf region, particularly construction activities in Saudi Arabia, the UAE, and Oman, which supported demand.
Profitability also improved significantly: operating profit increased by 48% year-on-year to 8.7 million riyals (US$22.6 million), and net profit surged by 77% year-on-year to 6.9 million riyals (US$17.9 million). The company stated that its continued focus on operational efficiency and profit margin management, amidst market volatility and cost pressures, significantly improved overall profitability.
The regional construction industry remains the main driving force. The company noted in its earnings report that demand in the GCC market remained strong, with residential and infrastructure construction maintaining a steady pace. 35G155 Grain oriented electrical steel, Currently, the Gulf region has a large pipeline of new and ongoing projects, with Saudi Arabia leading the way with 43% of the region's project value and ongoing projects totaling $118 billion; the UAE also provides solid demand support, with ongoing projects amounting to $128.6 billion.
