Saudi Arabia Metals Tenders

Booming Industry: The Saudi Arabia Metals and Non-Metals market is a significant contributor to the country's economy. With an estimated value of US$12.79 billion in 2023, the market is projected to grow at a CAGR of 6.52% until 2028.
Key Segments: The market encompasses various segments, including metal ores, non-metallic ores, metal packaging, and basic metals. Production of major metal ores like iron, aluminum, and copper reached 7.2 billion kg in 2023, while non-metallic ores like limestone and phosphate hit 17.8 billion kg.

Driving Growth: Government procurement plays a crucial role in the metals and non-metals market. With ambitious infrastructure projects and development initiatives, the government is a major buyer of various products and services.

Main Products and Services: The government primarily procures construction materials, steel products, aluminum products, mining equipment, and related services. These purchases contribute to the development of essential infrastructure like roads, bridges, and buildings.

Overseeing Procurement: Several authorities oversee government procurement in the metals and non-metals sector. These include:
Ministry of Industry and Mineral Resources
Saudi Arabian Mining Company (Ma'aden)
Royal Commission for Jubail and Yanbu
Public Investment Fund (PIF)
Ensuring Transparency: These authorities implement regulations and procedures to ensure transparency and fairness in the procurement process.

Leading Suppliers: Various local and international companies benefit from government procurement opportunities. Some of the top winners include:
Saudi Basic Industries Corporation (SABIC)
Aluminium Bahrain (Alba)
ArcelorMittal
Caterpillar
Atlas Copco
Driving Market Growth: By winning government contracts, these companies contribute significantly to the development of the metals and non-metals industry in Saudi Arabia.

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