28 Saudi projects to look forward to in 2017

As fiscal year 2016 winds to an end, Argaam has compiled a list of projects that will be launched by Tadawul-listed companies in 2017.

Although the list contains expected dates of operation, the actual commercial launch of any given project could take longer than expected, especially when it comes to mega projects. The report also includes projects that were due to start commercial operations in 2016, but remained in the trial operation phase.

Petrochemical Sector

1) Major petrochemical producer Saudi Basic Industries Corp (SABIC) is planning to launch its synthetic rubber and Ibn Sina Poly-acetal (POM) plants in the first quarter. The two facilities will operate with an annual capacity of 400,000 tons and 50,000 tons, respectively. SABIC will also open its methacrylate plant in Q4.

2) Saudi Kayan will start commercial operations at its SAR 354.40 million cracking finance and its debottlenecking project to enhance production capacity of ethylene & ethylene oxide in the second quarter.

3) Tasnee will launch its dye plant in the first quarter, its ilmenite processing plant in Q2, and also its titanium sponge plant in Q3 with an annual capacity of 15,600 tons.

4) Petro Rabigh will begin commercial operations at Rabigh phase II in the second quarter at a total cost of SAR 34 billion.

5) Alujain’s polypropylene plant will commence operations in Q2 with an annual production capacity of 100,000 tons.

Industrial Investments Sector

6) Maaden-Sabic’s joint ventures, which are 60 percent owned by Maaden and 15 percent by Sabic, will start commercial operations in 2017. These projects include an ammonia plant, sulfuric acid plant, phosphoric acid plant, a phosphate plant, and the phosphate-based fertilizers plant at Waad al-Shamal.

7) Astra Industries will launch two projects in 2017: a calcium carbonate plant with an annual capacity of 99,000 tons and its Dammam-based pharmaceutical plant.

8) Saudi Chemical’s pharmaceutical plant will be opened in the second quarter at a total cost of SAR 230 million.

9) Al-Sourayia Group will launch commercial operations at its calcium carbonate plant in Q3 with an annual production capacity of 230,000 tons.

10) SPIMACO is planning to open its subsidiary E-Pharma in Morocco in the fourth quarter.

Cement Sector 

11) Northern Province Cement is working on launching its cement production line in Q2-2017 at a total cost of SAR 75 million.

12) Tabuk Cement’s clinker production line will begin commercial operations in Q2 with an annual capacity of 1.6 million tons.

Healthcare

13) Saudi German Hospital (MEAHCO) will launch Hail Hospital in 2017. The new facility will operate with a capacity of 150 beds, 35 clinics, and six operation rooms.

14) CARE will open the National Hospital 2 expansion in the first quarter at a total cost of SAR 100 million.

15) Dallah is planning to launch Dr. Mohammed Bafaqih hospital during the fourth quarter. The hospital will have 308 beds and 147 clinics.

16) Al-Hammadi’s hospital Al-Nozha will be launched in the first quarter. The new facility was 88 percent completed in Q3-2016.

Agri-food Sector 

17) Saudi Fisheries will start commercial operations at Omq fish farm in Q4. The SAR 76 million worth of farm will operate at an annual capacity of 3,000 tons. The company will also launch its animal feed plant and Asir-based shrimp processing plant in 2017.

18) Al Abdullatif and Jazadco will begin commercial operations at their joint sugar processing plant in Q2-2017. Each company owns a 15 percent stake in the plant.

Transportation 

19) SISCO’s logistics center will be launched in Q3 at a total cost of SAR 55 million.  

Education 

20) Al Khaleej Training will open a new school in Khobar, along with a new kindergarten in Q3 at a total cost of SAR 100 million and SAR 250 million, respectively.  

Utilities & Energy 

21) The Gulf’s largest utility, Saudi Electricity Co., will launch the Rabigh 2 power station in the second quarter at a total value of SAR 5.97 billion.

Publishing & Media 

22) Saudi Printing and Packaging Co. is planning to open a new industrial building for its operations in Jeddah during Q1-2017.  

Building & Construction 

23) Yamamah Steel is planning to launch its pipe factory second expansion B and third expansion A in Dammam during the first and fourth quarters, respectively. Its pipe unit will be also upgraded at the Jeddah factory in 2017. The upgrade is expected to cost SAR 13.50 million.

24) Red Sea Housing will launch its residential complexes joint venture in Kuwait during Q1-2017 at a total value of SAR 57.52 million.

Hotel & Tourism 

25) Dur Hospitality will open a new hotel in Jubail in Q2-2017.

26) Al-Hokair Group’s Park Inn Dubai Hotel will start operations in 2017.

27) Al-Tayyar Travel Group Holding is planning to launch Al Tayyar hotel Jeddah during the fourth quarter of 2017.

28) Real estate developer Jabal Omar will work on developing phase 1 of its Jabal Omar project in Q1-2017. The phase, which costs SAR 3.41 billion, includes four foundation structures, ten hotel towers, and 97 villas.