SENAAT unit bags SAR 362.6M contract for steel structures, cladding works

SENAAT said this project will lead to significant improvement in sales, capacity utilization and profitability of Zamil Steel

Advanced Building Industries Co.’s (SENAAT)  Egypt-based subsidiary, Zamil Structural Steel Co., signed a contract worth SAR 362.6 million, excluding VAT, with Qatar-headquartered Elegancia Steel Co.

The contract covers the design, manufacture, and supply of steel structures and cladding works with insulating panels, for Baladna Algeria S.P.A., the company said in a statement to Tadawul.

The subcontract includes the design, engineering, and supply of the steel structure, along with associated works for the dairy and agriculture project in Adrar, Algeria. The project includes cattle farms, powdered milk factories, processing facilities, warehouses and all related categories, as well as all operational buildings.

The project is expected to be executed over 18 months, starting May 2026, with key deliverables expected to be completed by November 2027, the statement added.

The project will lead to significant improvements in sales, capacity utilization and profitability for Zamil Steel and contribute positively to SENAAT’s shareholder value.

The statement noted that this project reinforces Zamil Structural Steel as a leading provider of pre-engineered and structural steel.

The contract does not include any related parties, the statement said.