Dammam concrete plant project 55% complete: Al Naqool

Al Naqool expects trial operations at new concrete plant in Q4 2026

Mohammed Hasan Al Naqool Sons Co. announced that it continues to make significant progress on the construction of its new concrete plant in the Third Industrial City in Dammam, with the project now 55% complete.

In a statement to Tadawul, the company said several key phases of the project have been completed, while work is currently underway on the installation of equipment, as well as mechanical and electrical systems, in line with the approved project schedule.

The company reaffirmed its commitment to completing the project as planned and expects both trial and commercial operations to commence during Q4 2026.

It attributed the revised timeline for the start of trial operations to delays in obtaining certain regulatory licenses and approvals, as well as delays in the delivery of key production line equipment due to logistical challenges and disruptions to maritime shipping caused by regional developments. These factors required the rescheduling of certain construction and installation activities.

The company added that construction work and the installation of equipment and mechanical and electrical systems took longer than initially planned to ensure the plant is fully prepared in accordance with technical specifications and operational requirements. Additional time was also required to complete inspections, testing, and initial commissioning before the start of trial production.

Al Naqool said work is going according to the approved plan to ensure the project's readiness and achieve the targeted operational efficiency, adding that there has been no increase in the project's cost.

In May 2025, Al Naqool’s board approved the construction of a new concrete plant on land leased from the Saudi Authority for Industrial Cities and Technology Zones (MODON) for 10 years starting May 4, 2025, at an estimated cost of SAR 10 million, Argaam data showed.