Displaying items by tag: development

Saudi Arabia: Ready-mix concrete producer Asas Al-Mohileb has secured a contract with the development company for the upcoming Neom new city in Tabuk Province. Asas Al-Mohileb will build a US$186m, 20,000m³/yr ready-mix concrete production complex at the Neom site, to supply concrete for the Line commercial and residential development in the city. The ‘high-tech’ complex will begin to produce concrete in November 2024. When fully operational in 2025, it will employ 500 people.

Construction of foundations for the Line is currently underway, with 1000 of an eventual 30,000 precast concrete piles already in place.

Asas Al-Mohileb CEO Sulaiman Al-Mohileb said “This partnership emphasises our firm commitment to advancing economic growth in the Kingdom by employing the latest technologies and innovative construction solutions. We are dedicated to adopting sustainable practices that align with the goals of Saudi Vision 2030, which focus on empowering the manufacturing sector and enhancing its role in driving the Kingdom’s broader development objectives.”

Neom CEO Nadhmi Al-Nasr said “The delivery of these concrete plants is another testament to the rapid progress happening at Neom. It also underscores the strength of the kingdom’s construction industry, and the critical role local partnerships play in delivering this transformational project efficiently and sustainably. We are proud to partner with local contractors and appreciate their contribution to Neom’s advancement across our portfolio of projects, fulfilling Neom's goal of becoming a hub for local industry leaders and entrepreneurs in support of Saudi Vision 2030.”

Kenya: The Daily Nation newspaper has reported the value of contracts of various concrete pole suppliers to utilities provider Kenya Power. Bett Company, a subsidiary of China-based Zhai Yan Quan and Yang Yi, holds contracts worth US$1.49m, Line Enterprises holds contracts worth US$1.35m and Rai Cement holds contracts worth US$920,000.

Kenya Power is in the process of expanding its power supply network using concrete poles, with financial backing from the EU, European Investment Bank, French Development Agency and Japan International Cooperation Agency.

Latin America/Caribbean: Cemex Latam Holdings has partnered with Habitat for Humanity and the Inter-American Cement Federation (FICEM) to participate in the 100,000 Floors to Play initiative. The project aims to replace 100,000 homes’ dirt floors with concrete floors across the region by 2028. Cemex Latam Holdings’ existing concrete flooring programme in Colombia has already transformed 30Mm² of living space.

Cemex CEO Fernando Gonzalez Olivieri said "We are committed to creating a positive and lasting impact in communities around the world. We are proud to be part of this initiative that could improve the lives of thousands of families."