Stetter Arabia and Ali Al-Masaad Co.
Jeddah October 16th, 2011
Ali Al-Masaad Co. for producing Building Materials (ABNI) has signed a contract with Stetter Arabia for the supply and installation of ready-mix concrete batching and ice plants to be established in Makkah, with the capacity to produce 9,000 cubic meters per day.
At the signing ceremony, Gunther Abolins, GM, Stetter in Germany, had encouraging words, acknowledging Saudi Arabia as an important and vibrant market due to its sheer size and number of mega projects compared to countries in the Gulf, Asia and Africa.
Nasser Bayram, center, with Ali Al-Masaad, right, and Gunther Abolins at the contract signing ceremony.
To meet the challenging opportunities in the construction sector of Saudi Arabia and neighboring Gulf countries, and to fulfill optimum support, Stetter Germany has entered into a joint venture with Zahid Tractor, named Stetter Arabia, which will set up a purpose built factory for the production of transit mixers and concrete batching plants in Jeddah, covering the requirements of the growing Saudi and Gulf Markets. Ali Al-Masaad said his choice of Stetter products was based on their worldwide leadership in the industry with reliable and distinguished products and technology. "I was impressed and honored to see a multinational factory (AVI) where the Saudization rate is more than 60 percent producing such a high quality product," said Al-Masaad. Nasser Bayram, director of Zahid Tractor's commercial vehicles division, said: "The signing is only the beginning of the journey with ABNI." Ahmad Bakr, product manager of Stetter Arabia, said Zahid Tractor, in collaboration with Stetter of Germany, will be unique in providing comprehensive solutions.