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Saudi Arabia continues to make progress in promoting the localization of strategic industries and building a comprehensive industrial services ecosystem, particularly focusing on the industrial chain development of Saudi Aramco, the nation's energy giant. NK K/D43 steel Recently, the steel structure manufacturing facility in Ras Al-Khair Special Economic Zone (SEZ) in the Eastern Province officially cut its first steel plate, marking the project's entry into full production and significantly boosting the development of the local steel industry.
The manufacturing facility, operated by Abu Dhabi's state-owned enterprise NMDC Energy, officially commenced production at the end of July following a steel-cutting ceremony. Although the project was inaugurated in January of this year, the steel-cutting event marked the start of full production at the facility. The facility, representing a total investment of AED 200 million (approximately US$54.5 million at an exchange rate of AED 3.673 to the US dollar), spans 400,000 square meters and is equipped with advanced automation and digital systems. NK K/D43 steel With an annual production capacity of 40,000 tons, the facility primarily provides services for the fabrication, installation, maintenance, and modularization of high-tech energy infrastructure.
This project, which dates back to a memorandum of understanding signed between NMDC and Saudi Aramco in 2018, has now entered the implementation phase. Currently, the facility is manufacturing nine offshore jackets for Saudi Aramco, further strengthening the country's supply chain independence for upstream oil and gas projects.
The project's advancement not only improves operational efficiency but also represents a key step in Saudi Arabia's "import substitution" strategy. By introducing high-value-added local manufacturing capabilities, Saudi Arabia is gradually reducing its reliance on externally manufactured complex infrastructure components, thereby increasing its energy self-sufficiency and mitigating risks associated with fluctuations in the global supply chain.
Furthermore, the Ras Al Khair site is a key component of NMDC Energy's broader localization strategy in Saudi Arabia. NK K/D43 steel Over the past five years, the company has invested billions of riyals in the Saudi economy, with the goal of increasing localization to 39% by 2025 and 51% by 2028, in support of Vision 2030's blueprint for industrial autonomy and economic diversification.
